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 ?

Answer: C. All three statements are correct. (1) NBFCs and LAF: CORRECT. Since RBI's 2020 framework changes, eligible NBFCs (specifically Standalone Primary Dealers and large NBFCs categorised under specific schemes) can access certain LAF operations. More broadly, the LAF window has been progressively widened in scope. (2) FIIs and G-Secs: CORRECT. Foreign Institutional Investors (now under the FPI route post-2014) are permitted to invest in Government Securities subject to investment limits notified by RBI. The 'Fully Accessible Route' (FAR) launched in 2020 allows unrestricted FPI access to certain G-Secs. (3) Stock exchanges offering debt platforms: CORRECT. Both NSE and BSE operate separate debt trading platforms (Corporate Bond, G-Sec, NDS-OM linked segments) since SEBI permitted this in 2007. Source: RBI Monetary Policy reports / SEBI debt market regulations.