Consider the following statements.

Technique of selective credit control of RBI

1. Determination of margin requirement for loans against certain securities.

2. Determination of maximum amount of advances or other financial accommodation.

3. Changing of discretionary interest rates on certain type of advances.

4. Changing the cash reserve requirements of commercial banks.

Which of the statements given above is/are correct?

1
Both 1 and 2
2
1, 2 and 3
3
1, 2 and 4
4
More than one of the above
5
None of the above

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