Consider the following statements with respect to the Monetary policy by the Reserve bank of India (RBI) :
1. Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy under the Reserve Bank of India Act, 1934.
2. The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.
3. The Central Government has notified 4 percent Wholesale Price Index (WPI) inflation as the target.
Which of the statements given above are not correct?
1
1 and 3 only
2
2 only
3
2 and 3 only
4
3 only