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?

Statements 2 and 3 are correct. NBFCs do NOT have direct access to the Liquidity Adjustment Facility (LAF) window of the RBI — only scheduled commercial banks (excluding RRBs) and primary dealers can access LAF. FIIs/FPIs are permitted to invest in and hold Government Securities (G-Secs) subject to limits prescribed by RBI and SEBI. Stock exchanges in India (BSE and NSE) do offer separate trading platforms for debt instruments, including the corporate bond segment and government securities trading platforms, so statement 3 is correct.