Consider the following statements:

1. The Reserve Bank of India (RBI) announced the introduction of risk-based internal audit norms for Regional Rural Banks and non-banking financial companies (NBFCs).

2. Regional rural banks would be allowed to access the liquidity adjustment facility (LAF) and marginal standing facility (MSF) of the RBI, as also the call/notice money market.

Which of the statements given above is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
More than one of the above
5
None of the above

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