Interest rates in India have been reduced in recent years for a number of objectives. 1. To induce private investments 2. To facilitate cheap public borrowing 3. To encourage savings 4. To reduce economic inequalities Which of the above is/are not correct ? Select it from the code given below— Codes :

• A. (A) 1 and 2
• B. (B) 2 and 3
• C. (C) 3 and 4
• D. (D) 2 and 4