When India got independence, a number of development plans were considered. In this context, which of the statement are false?

1. Bombay Plan was a capitalist or Productionist Approach, focusing on giving larger responsibilities to the private sector and the responsibility of state will provide basic unfractured.

2. Institutional approach 1938 advocated by the National Planning Committee emphasized on a Planned economy.

3. MN Roy gave Revolutionary Approach in his People's Plan that stressed on employment and good wages.

4. Gandhian Plan by S.N Aggarwal 1944 emphasized on decentralization, agricultural development, employment and cottage industries.

Select the correct answer using the code given below: