Which of the following has/have occurred in India after its Financial Sector Reforms in 1991?

1. The number of private sectors banks have increased.

2. Foreign investment limit in banks was raised.

3. Foreign Institutional Investors (FII) inflows increased.

4. The number of branches of banks has reduced.

Select the correct answer using the codes given below.

1
2 and 3 only
2
1 and 3 only
3
1, 2 and 3 only
4
1, 2 and 4 only

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