Consider the following statements about reign of Shah Alam II and choose the incorrect statement.

1
His reign saw two decisive battles—the Third Battle of Panipat (1761) and the Battle of Buxar (1764)
2

He issued a farman granting to the Company in perpetuity the Diwani of Bengal, Bihar and Orissa

3
He became the pensioner of the East India Company
4
All of the above are correct

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