2020 Economy - Money Market Instruments, Banking

With reference to the Indian economy, consider the following statements:1. 'Commercial Paper' is a short-term unsecured promissory note.2. 'Certificate of Deposit' is a long-term instrument issued by the Reserve Bank of India to a corporation.3. 'Call Money' is a short-term finance used for interbank transactions.4. 'Zero-Coupon Bonds' are the interest bearing short-term bonds issued by the Scheduled Commercial Banks to corporations.Which of the statements given above is/are correct?

• 1 and 2 only
• 4 only
• 1 and 3 only
• 2, 3 and 4 only