Consider the following statements related to the stability of floating bodies:
1. The metacentre should be above the centre of gravity of the floating body for stable equilibrium during small oscillations.
2. For a floating body, stability is not determined simply by the relative positions of centre of gravity and centre of buoyancy.
3. The position of metacentre of floating body is fixed irrespective of the axis of oscillations.
4. Large value of metacentric height reduces the period of roll of the vessel.
Which of the above statements are correct?
(A) 1 and 3 only (B) 2 and 4 only
(C) 1, 2 and 4 only (D) 1, 2, 3 and 4