Which of the following statements are correct in context of Statutory Liquidity Ratio (SLR)?
1. SLR consists of a certain percentage of liquid assets of NDTL.
2. Liquid assets for the purpose are those assets that one can easily convert into cash, gold, treasury bills, govt-approved securities, government bonds, and cash reserves.
3. SLR includes securities, eligible under Market Stabilization Schemes and those under the Market Borrowing Programmes.
4. The limit of SLR set is 0 to 40% of NDTL.

A. 1 and 3 are correct

B. 2 and 3 are correct

C. 1, 2, 3 and 4 are correct

D. 2, 3 and 4 are correct

Answer: Option C