The board of a cooperative society can be superseded or kept under suspension if: 1. There is negligence in the performance of duties. 2. There is any act prejudicial to the interest of the co-operative society or its members. 3. The body has failed to conduct elections in accordance with the provisions of the State Act. 4. There is no Government shareholdings or loan or financial assistance or any guarantee by the Government. Select the correct answer using the code given below: