Consider the following statements about rising NPAs of banks in India :

I. Rising NPAs are due to slow down in the world economy.

II. Private Sector banks have lower NPAs in comparison Public Sector Banks.

III. Rising NPAs are due to droughts in India.

Which of the statements given above is/are correct ? 

1
Only I 
2
I and III
3
I and II
4
I, II and III 

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