Q. Consider the following statements:

1. Educational Loan Scheme evolved by Reserve Bank of India if only for students in Private Professional Colleges.
2. Over The Counter Exchange of India (OTCEI) is non-corporate body
3. The Securities Trading Corporation of India (STCI) was promoted by SEBI jointly with the Public Sector Banks

Which among the above statements is / are correct ?
Answer: Only 1 is correct
Notes: Explanation: 1. Educational Loan Scheme: The scheme by the Reserve Bank of India (RBI) is not limited to private professional colleges. it covers students from various institutions, including government colleges. 2. Over The Counter Exchange of India (OTCEI): OTCEI is indeed a non-corporate body, established in 1990 to facilitate trading in unlisted securities. 3. Securities Trading Corporation of India (STCI): STCI was promoted by the RBI, not SEBI, in collaboration with public sector banks to enhance liquidity in the bond market. Thus, only the first statement is correct.