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 the Government Securities (G-Secs).3.In India, Stock Exchanges can offer separate trading platforms for debts.Which of the statements given above is/are correct?

1. A

   1 and 2 only

   1 and 2 only. Debt platforms at exchanges (3) are also keyed.

2. B

   3 only

   3 only. The paper keys all three statements.

3. C

   1, 2 and 3

   1, 2 and 3. NBFCs and LAF as keyed here; FIIs may hold G-Secs; exchanges can run debt platforms.

4. D

   2 and 3 only

   2 and 3 only. Drops statement 1, which this paper keeps.

Summary. Official key is (c) 1, 2 and 3. On this paper all three statements are treated as correct: NBFC access to the RBI’s Liquidity Adjustment Facility window, FII/FPI holding of G-Secs, and stock exchanges offering separate debt-trading platforms. Honour the Commission letter even where coaching splits LAF as banks-only.