Consider the following statements.
1. Reserve Bank of India formulates and administers monetary policy.
2. Reserve Bank of India acts as an agent of the government in respect of India.
3. Reserve Bank of India handles the borrowing programme of Government of India.
Which of the statements given above is/are correct?
1
Only 1
2
Both 2 and 3
3
Both 1 and 3
4
All of these