3. With reference to the Open Market Operations (OMO), which of the statement(s) given below is/are correct?
- OMOs are conducted by the RBI by way of sale or purchase of government securities (g-secs) to adjust money supply conditions.
- The central bank buys g-secs to remove liquidity from the system and sells back g-secs to infuse liquidity into the system.
- RBI carries out the OMO through commercial banks and does not directly deal with the public.
Select the correct answer using the code given below: