With reference to Electronic gold receipt(EGR), Consider the following statements:

1. Electronic gold receipt is issued based on physical gold.

2. RBI has proposed the regulatory framework of EGR.

3. The physical gold can be exchanged at authorized vaults.

4. EGR has created opaqueness in the price discovery mechanism.

Which of the above-given statements are correct?

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

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