Consider the following statements:

1. The Reserve Bank of India launched the pilot project of the Digital Rupee in the wholesale segment on 1 November 2022.

2. Digital Rupee will be used for the settlement of primary market transactions in government securities.

3. SBI, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC have been identified for participation in the pilot. 

Which of the above statements is/are correct?

1
1 only
2
2 only
3
3 only
4
Both 1 and 2
5
Both 1 and 3

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