In the context of Indian economy, which of the following is/are the purpose/purposes of 'Statutory Reserve Requirements'? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the people's deposits with banks safe and liquid 3. To prevent the commercial banks from making excessive profits 4. To force the banks to have sufficient vault cash to meet their day-to-day requirements Select the correct answer using the code given below.

Statutory Reserve Requirements, specifically the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR), are primary monetary policy tools used by the RBI to regulate liquidity and control the credit creation capacity (advances) of commercial banks. Statement 2 is incorrect because the safety of people's deposits is primarily ensured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), not by these reserve ratios. The core concept being tested is the function of **Monetary Policy Instruments** in managing the money supply and credit flow within the Indian economy.