Consider the following statements regarding the roles of development banks:
1. They provide financial assistance for modernization and technology upgrades in industries.
2. Development banks like SIDBI also manage consumer banking operations across India.
3. A major role of these banks is to underwrite the issuance of government securities.
Which statements accurately reflect the roles of development banks?
1
1 only
2
2 only
3
3 only
4
1 and 3
5
1, 2 and 3