Which of the following account for the limited nature and scope of monetary policy in under-developed countries?1. The money market is unorganised and hence the monetary management of the central bank is not wide.2. The governments always resort to deficit financing as their budgetary policy for development3. Money supply consists mainly of currency in circulation but the bank deposits from only a small portion of total money supply4. Change in the bank rate and other monetary initiatives remain ineffective because of a large non-monetised sector.Select the correct answer using the codes given below

Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.