Question

Consider the following statements and state which is/are correct?

1) The sub-prime crisis which hit the U.S. economy was caused by sudden increase in oil prices.
2) The crisis is to default in home-loan repayment.
3) It led to failure of some U.S. banks.
4) Sub prime crisis caused crash in Indian Stock Market.

Choose your answer from given code.
Codes:

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