With reference to the transfer of surplus from the Reserve Bank of India (RBI) to the government, consider the following statements:
1. As per the RBI Act, 1934, the RBI is not mandated to transfer its surplus to the government.
2. The Malegam Committee (2013) recommended increasing the surplus transfer from RBI to the Centre.
3. Economic Capital Framework (ECF) sets limits on realized equity and economic capital.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
3 only
4
1, 2, and 3