Consider the following statements regarding Treasury Bills (T-Bills) in India: 1. Treasury Bills are issued only by the Central Government, and State Governments in India cannot issue them. 2. They are zero-coupon securities, meaning they pay no interest and are issued at a discount to face value. 3. Non-competitive bidding in T-Bills is allowed for retail investors to encourage participation. Which of the statements given above is/are correct?

Options:

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

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