Which of the following statement(s) is/are true regarding RBI?
1. RBI performs the supervisory function under the guidance of the Board for Financial Supervision (BFS).
2. The Board was constituted in November 1996.
3. The Board was constituted as a committee of the Central Board of Directors of the RBI under the Reserve Bank of India (Board for Financial Supervision) Regulations, 1996.
1
1 Only
2
2 and 3
3
3 only
4
1 and 2
5
All the above