Consider the following statements in context with the Cash Management Bills:

  1. Cash Management Bills are a kind of short term money market instruments with maturity less than 91 days
  2. Cash Management Bills are issued on discount
  3. Cash Management Bills are introduced only by Central Government

Which among the above statements is/ are correct?

[A] Only 1 is correct
[B] Only 1 & 2 are correct
[C] all are correct
[D] Only 2 & 3 are correct

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.