With reference to India, consider the following statements :
1. The Cash Management Bills (CMBs) are issued at a discount and redeemed at face value on maturity.
2. CMBs are traded on the Negotiated Dealing System-Order Matching system (NDS-OM) of RBI.
3. The tenors of CMBs is generally more than 91 days.
Which of the statements given above is/are correct?
1
1 and 2 Only
2
1 and 3 Only
3
1, 2 and 3
4
2 and 3 Only