With reference to the Continental Shelf, consider the following statements:

1. They are the extended margins of continents.

2. Continental shelf is absent on the Chile coast.

3. Fossil fuels are absent on the continental shelves.

4. Major fishing grounds of the world are located here.

Which of the above statements are correct?

1
1 and 3 only
2
2, 3 and 4 only
3
1, 2 and 4 only
4
1, 2, 3 and 4

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