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Write the correct statement.

1. Paper money was introduced because metal supply was limited. 

2. All the major and important banks were nationalised in 1964, in India. 

(i) Both 1 and 2 are correct 

(ii) Both 1 and 2 are wrong 

(iii) 1 is correct; 2 is wrong 

(iv) 1 is wrong; 2 is correct

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