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 ?
(a) 1 and 2 only
(b) 4 only
(c) 1 and 3 only
(d) 2, 3 and 4 only
