Consider the following statements regarding the Monetary Policy Committee (MPC): 1. The MPC is a statutory body established under Section 45ZB of the Reserve Bank of India Act, 1934. 2. The committee consists of six members, with three members from the RBI and three appointed by the Central Government. 3. The Governor of the RBI has a casting vote in the event of equality of votes. Which of the statements given above are correct?

Options:

• A: 1 and 2 only
• B: 2 and 3 only
• C: 1 and 3 only
• D: 1, 2 and 3

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