Consider the following statements:

(1) If the Indian economy is in equilibrium at the point where plans to save and to invest are equal, then government expenditure must be equal to government income

(2) In pursuance with the recommendations of the Narasimhan Committee, the RBI has framed new guidelines to setup more for foreign exchange banks

(3) Redistribution policies geared to reduce economic inequalities include progressive tax policies

(4) The currency convertibility concept in its original form  originated in the Taylors Agreement

Choose the correct answer from the options given below: