Consider the following statements regarding Reserve Bank of India: 1. It is banker to the Central Government. 2. It formulates and administers monetary policy. 3. It acts as an agent of the Government in respect of India's membership of IMF. 4. It handles the borrowing programme of Government of India. Which of these statements are correct?

1. Statement 1 is correct: The Reserve Bank of India (RBI) acts as the banker to the Central Government, managing its cash balances, payments, and receipts. 2. Statement 2 is correct: The RBI is mandated to formulate and administer the country's monetary policy with objectives like maintaining price stability and ensuring adequate credit flow. 3. Statement 3 is correct: The RBI acts as the agent of the Government of India in relation to India's membership in the International Monetary Fund (IMF) and other international financial institutions. 4. Statement 4 is correct: The RBI manages the public debt and the borrowing programme of the Government of India, including the issuance and servicing of government securities. 5. Since all four statements are correct, the correct option includes I, II, III, and IV.