Consider the following statements regarding Open Market Operations in India:

  1. The market for Government securities is well developed in India
  2. RBI has desired capability to buy and sell Government securities.
  3. Open Market Operations alone can effectively carry out the Monetary Control in India

Which among the above statements is / are correct?

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