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 shortterm bonds issued by the Scheduled Commercial Banks to corporations.

Which of the statements given above is/are correct?

I.A.S. (Pre) 2020