Directions: In the question below, a set of four statements is given, followed by five answer options to categorise these statements as facts, inferences and judgments. Consider the statements and decide which of the choices is true.

J: Judgment: If it is an opinion or estimate or anticipation of common sense or intention. I: Inference: If it is a logical conclusion or deduction about something, based on the knowledge of facts.

1. The Commerce Ministry constituted many expert committees to find an alternative to the duty entitlement passbook scheme (DEPB), but no workable replacement for the scheme was suggested.
2. The DEPB scheme is designed by the Commerce Ministry to reimburse basic and special customs duty paid by an exporter on imported goods.
3. The DEPB scheme is full of anomalies as there is a plethora of taxes existing at the state level and the Central government may not have the authority to reimburse state taxes.
4. Hooda committee has recommended extending the DEPB scheme by three years, but this is no tangible solution.