Consider the following statements:

1. The aim of Regional Rural Banks is to provide credit to the weaker sections of the society at concessional rate of interest who previously depended on private money lending.

2. The aim of Regional Rural Banks is to mobilize rural savings and channelize them for supporting productive activities in the rural areas

3. None-Performing Assets (NPAs) are bad debts of banks/Financial Institutions

4. Basel Accord was agreed upon at Basel, Switzerland at a meeting of the Bank for International Settlements (BIS)

Select the correct answer.