Mserver returns with "memory exhausted in" error if query size exceeds 1.2MB

Hi, I have encountered scenario where SQL generated exceeds 3mb and it's failing in mserver with an error "memory exhausted in select .......". On further checks I have noticed that the SQL will go through only if SQL size is less than 1.2MB. Has anyone encountered this before? Or is anyone aware of any SQL size limitation in MonetDB? Please help. Regards, Sreejith