Consider the following statements regarding the National Asset Reconstruction Company Limited (NARCL): (July 2024)

  1. NARCL has lined up ₹1.25 lakh crore worth of non-performing assets for acquisition.
  2. NARCL began its operations in January 2022.
  3. NARCL is backed by the Government of India.

Which of the following statements is/are correct?

1
Only 1
2
Only 2
3
Only 1 and 3
4
Only 2 and 3
5
1, 2, and 3

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