Consider the following regarding the quantum of banknotes in the economy:
1. GDP Growth
2. Inflation
3. Replacement of Soiled Bank Notes
4. Growth in Non-Cash Mode of Payment
5. Hoarding of Bank Notes
Which of the following are the reasons for the rise in the quantum of banknotes in the economy?
1
1, 2 and 3 only
2
3, 4 and 5 only
3
1, 2, 3 and 4 only
4
1, 2, 3, 4 and 5