Consider the following statements about the initial development of railways in India by the British:

1. Private financial investors for railways would get land free from the British Government in India. 

2. The investors would get a return of 5 percent on their capital from the government if they ran at a loss or secured inadequate profit.

3. The railways would be jointly managed with the government.

How many of the above statements is/are correct? 

1
1
2
2
3
3
4
None

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