Consider the following statement. 1. NABARD stands for National Bank for Agriculture and Rural Design 2. NABARD is an apex developmental bank in India. 3. Setting up of NABARD was recommended by the committee to review arrangements for institutional credit for agriculture and rural development, set up by the RBI, under the chairmanship of Shri B. Sivaraman. Which statement is incorrect?

• A. 1 only                          
• B. 2 only
• C. 3 only              
• D. 4 only