With reference to Municipal bonds in India, consider the following statements:
1. A municipal bond is a type of bond issued by a local government or municipality, such as a city, county, or state.
2. The first municipal bond in India was issued by the Bengaluru Municipal Corporation in 1997.
3. India’s first municipal bond index was launched by the Bombay Stock Exchange (BSE).
Which of the statements given above is/are correct?
1
1 and 2 only
2
3 only
3
2 and 3 only
4
1, 2 and 3