Which of the following statements regarding the Bloomberg Economics Index and the RBI's actions is/are correct?
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The Reserve Bank of India (RBI) sold ₹34 billion worth of bonds in the secondary market to absorb excess liquidity in the banking system.
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India became the 25th market to be included in the Bloomberg Economics Index since its inception in June 2005.
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The excess liquidity that banks deposited with the central bank was ₹2.4 trillion.
1
Only statement 1 is correct.
2
Only statement 1 and 2 are correct.
3
Only statement 1 and 3 are correct.
4
Only statement 2 and 3 are correct.
5
All statements are correct.