Consider the following statements regarding 'Operation Twist' of RBI:
1. It is the simultaneous purchase and sale of government securities under Open Market Operations.
2. It involves selling long-end debt while buying short-tenor bonds.
3. The purpose of Operation Twist is to reduce the interest rate of long-term government bonds.
Which of the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3