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Consider the following statements regarding government securities in India: 1. Commercial Paper is a short-term unsecured promissory note. 2. Certificate of Deposit is a long-term instrument issued by the RBI. 3. Call Money is short-term interbank finance. 4. Zero-Coupon Bonds are interest-bearing short-term bonds issued by Scheduled Commercial Banks. Which of these statements are correct?

A. 1 and 2 only
B. 4 only
C. 1 and 3 only
D. 2, 3 and 4 only

Explanation: