UPSC Prelims 2024 · GS Paper 1 · Q52
Economy
Hard · Money market instruments and access
Consider the following statements:
1. Access to the Reserve Bank of India's Liquidity Adjustment Facility (LAF) is restricted to scheduled commercial banks and standalone Primary Dealers; Non-Banking Financial Companies (NBFCs) cannot participate in it directly.
2. Foreign Institutional Investors (FIIs) are permitted to hold Government Securities (G-Secs), subject to investment limits prescribed by the RBI/SEBI.
3. Stock exchanges in India maintain separate trading platforms/segments for corporate debt securities, distinct from their equity trading platforms.
How many of the above statements are correct?