Consider the following statements regarding Government Securities (G-Secs):
1. G-Secs are tradeable instruments issued by both central and state governments, acknowledging their debt obligations.
2. The Central Government issues both treasury bills and bonds, while State Governments issue only bonds or dated securities, known as State Development Loans (SDLs).
Which of the statements given above is/are incorrect?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2