which of the following is correct about participatory notes?

1. investment through participatory notes into indian capital markets plunged to over nine- year low of Rs. 80,341 crore till july end by the SEBI.

2. it had also prohibited FPIs from issuing such notes where the underlying asset is a derivative.

3. a depreciating rupee means higher prices of goods and services , costlier petrol etc.

4. these measures were an outcome of a slow of other steps taken by the regulator in the recent past.

select the correct one from above: