With reference to the Sovereign Gold Bond Scheme, consider the following statements.

1. Government introduced these bonds to help reduce India’s over-dependence on gold imports.

2. It aimed at changing the habits of Indians from saving in the physical form of gold to a paper form with Sovereign backing.

Which of the statements given above is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2 

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