Which of the following statements are correct about the significance of Minto-Morley Reforms, 1909?

1.    The acceptance of separate Electorate was accepted for minorities that enhanced their political importance

2.    The Reforms gave impetus to the constitutional development in India.

3.    These reforms introduced the system of elections for the first time which created a great deal of political awareness among the Indian people.

4.    The Central Government exercised vast authority in the financial sphere.

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