Which of the following is/are correct regarding the Worker Compensation Act, 1923 (now Employee Compensation act,1923)

1. It covers workers employed in hazardous employment/occupations for example workmen employed in factories, mines, plantations, transport establishments.
2. Members of Armed Forces of the Union & workmen who are covered by the ESI Act, 1948 are also eligible under this act.
3. The wage ceiling for calculating the compensation under the Act is Rs. 15,000.
4. Schedule II of the act defines workmen within the meaning of section 2 of the Act.