Which of the following statements is/are correct about the Land Revenue System of Ranjit Singh?
1. Batai System was replaced by a system of assessment known as Kanut.
2. The share of government was determined on the basis of a standing crop whose value was estimated in terms of money.
3. The state demand varied from two-fifth to one-third of the produce of the year.
4. Land revenue was collected twice a year. Which of the statement(s) given above is/are correct?

A. 1, 2 and 4

B. 3 and 4

C. 2, 3 and 4

D. All of these

Answer: Option D