Out of the following, the only incorrect statement about satellites is

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1.
Out of the following, the only incorrect statement about satellites is

1. A satellite cannot move in a stable orbit in a plane passing through the earth's centre2. Geostationary satellites are launched in the equatorial plane3. Time period of geostationary satellite is 24 hours4. The speed of a satellite increases with an increase in the radius of its orbit

Out of the following, the only incorrect statement about satellites is