Question
Consider the following statements:
1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India.
2. In India, Foreign Institutional Investors can hold Government Securities (G-Secs).
3. In India, Stock Exchanges can offer separate platforms for debts.
Which of the following statements is/are correct?
Correct Answer — C
Explanation
As per the official UPSC key, all three statements are credited as correct here — FIIs holding G-Secs and dedicated debt platforms on stock exchanges are well established, and NBFC access to the LAF window was also accepted.