Consider the following statements :

Other things remaining unchanged, market demand for a good might increase if

1. price of its substitute increases

2. price of its complement increases

3. the good is an inferior good and income of the consumers increases

4. its price falls

Which of the above statements are correct?

Which among the following steps is most likely to be taken at the time of an economic recession?

In India, the central bank’s function as the ‘lender of last resort’ usually refers to which of the following?

1. Lending to trade and industry bodies when they fail to borrow from other sources

2. Providing liquidity to the banks having a temporary crisis

3. Lending to governments to finance budgetary deficits

Select the correct answer using the code given below.

With reference to ‘WaterCredit’, consider the following statements :

1. It puts microfinance tools to work in the water and Sanitation sector.

2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank.

3. It aims to enable the poor people to meet their water needs without depending on subsidies.

Which of the statements given above are correct?