Which of the following statements regarding the 74th Amendment to the Constitution of India are correct?1. It provides the insertion of a new Schedule to the Constitution.2. It restructures the working of the Municipalities.3. It provides the reservation of seats for women in Municipalities.4. It is applicable only to some specified States.Select the correct answer from the codes given below:

• A. 1, 2 and 3 are correct
• B. 1, 2 and 4 are correct
• C. 1, 3 and 4 are correct
• D. 2, 3 and 4 are correct