Consider the following statements.
1. Inflation Targeting is the policy by RBI that revolves around adjusting monetary policy to achieve a specified annual rate of inflation.
2. The Monetary Policy estimates taxation and government spending.
3. Statutory Liquidity Ratio is the share of NDTL that a bank is required to maintain in safe and liquid assets.
Which among the above statements is/are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1 only
5
1, 2 and 3