Consider the following statements regarding the Financial Stability Report released by the Ministry of Finance:

1. The Financial Stability Report is published biannually by the Ministry of Finance.

2. The capital to risk-weighted assets ratio (CRAR) is a measure of a bank's financial strength.

3. Scheduled commercial banks’ gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8% at end-March 2024.

Which of the statements given above are correct? 

1
1 and 2 only 
2
 2 and 3 only 
3
1 and 3 only 
4
1, 2 and 3

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