Which of the following statement/statements is/are valid with respect to the Preamble of the Indian Constitution ?

1. IThe term 'democratic' as used in the Preamble is a mix of British Fabian Socialism and American Populism.
2. IIThe term 'Republic' in the Preamble indicates that India has an elected head, called the Prime Minister.
3. IIIThe 'Liberty' expressed in the Preamble is neither absolute nor qualified.
4. IVThe term 'Fraternity' as used by the Preamble, originally denoted the dignity of the individual only.

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