The functions of the Committee on Estimates, as incorporated in the Constitution of India, shall be to 1. report what economies, improvements in organization, efficiency or administrative reform may be effected 2. suggest alternative policies in order to bring about efficiency and economy in administration 3. examine whether the money is well laid out within the limits of the policy implied in the estimates 4. examine the reports, if any, of the Comptroller and Auditor General on the public undertakings Select the correct answer using the code given below.