Consider the following statements:

  1. The Market Stabilization Scheme provides for issue of Treasury Bills and/or dated securities by the Government in addition to their normal market borrowing programme up to an annual aggregate ceiling.
  2. The money raised in Market Stabilization Fund is kept in the MSS Account as a part of Consolidated Fund of India
  3. The auditing of the MSS Fund is done by Comptroller and Auditor General of India

Which among the above statements is / are correct?

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

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