Which of the following statements are incorrect about the Central Bank Digital Currency (CBDC):

1. RBI defines CBDC as the legal tender issued in digital form, which would be interest-bearing.

2. CBDC in India would be based on the two-tier indirect model.

3. US Dollar was the first ever CBDC launched in the World.

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

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