With reference to the Maratha empire, consider the following statements:

1. During the reign of Balaji Vishwanath the Mughal emperor recognised Shahu as the Maratha King.

2. Baji Rao I entered into an agreement with the Mughal emperor in 1752.    

3. Balaji Baji Rao initiated the system of the confederacy among the Maratha chiefs.

Which of the statements given above is/are correct?

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

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