With regard to the Mughal finance system, which of the following statements are correct? Choose the most appropriate answer from the options given below.

1.There was a well-developed system of finance and credit in Mughal India.

2.The use of hundis or bills of exchange was widespread.

3.There was no insurance system, hence the risks of loss in transit were very high.

4.Transport across land was itself costlier and more vulnerable to the exactions of chiefs and rebels.

A1, 2 and 4 only

B1, 3 and 4 only

C2 and 3 only

D3 and 4 only

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