Consider the following statements about the State Bank of India (SBI) becoming the first trading-clearing member of the India International Bullion Exchange (IIBX):
- SBI's membership with IIBX will facilitate bullion trading and clearing for its clients.
- This membership is expected to enhance transparency and efficiency in the bullion market.
- The India International Bullion Exchange is located in Mumbai.
Which of the statements given above is/are correct?
1
1 only
2
1 and 2 only
3
2 and 3 only
4
1 and 3 only
5
1, 2 and 3