Consider the following statements with reference to Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR):
1. CRR is the fraction of the total Net Demand and Time Liabilities maintained by bank with itself in form of cash deposits.
2. SLR is the fraction of the total Net Demand and Time Liabilities maintained by bank with RBI in form of specified liquid assets.
3. CRR and SLR are part of Liquidity Adjustment Facility (LAF).
Which of the statements given above is/are correct?1
1 and 2 only
2
3 only
3
1, 2 and 3
4
None of the above