Consider the following statements:
1. The RBI reduced the statutory liquidity ratio (SLR) by 50 basis points in the first quarter of FY 2023-24.
2. RBI's monetary policy aimed to tighten credit conditions to prevent overheating of the economy.
3. The policy rate was adjusted to stimulate growth in the face of declining global economic conditions.
Which of the given statements is/are correct?
1
1 only
2
1 and 3
3
2 only
4
1 and 2