The Ministry of Defence recently issued a negative list of 101 defence items. Which of the following options correctly describes the negative list? (August 2020)

1
It contains the list of items that will be phased out from military use
2
It is a list of producers which are banned from the bidding process of defence Ministry
3
It contains the list of items that are not to be procured from foreign producers
4
It is a list of items that are being sold by the defence Ministry

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