1. Consider the following statements:
1.Statutory Liquidity Ratio is a measure of the reserves that commercial banks are required to hold in the form of government bonds and gold only.
2.Cash Reserve Ratio is a measure of the reserves that banks need to hold with RBI in the form of cash.
Liquidity Coverage Ratio is a measure of highly liquid assets which can be easily converted into cash that banks are required to hold.
Which of the statements give above is/are correct?