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 led to default in homeloan 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 codes :

Codes :

U.P.P.C.S (Pre) 2010