Consider the following statements about the Gold reserves of India:
1. India held approximately 794.64 metric tons of gold in its reserves in the Fiscal year of 2023 which sees a dip from 821.13 metric tons in fiscal year 2022.
2. Gold reserves are crucial for maintaining financial stability in India.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2