Read the following statements carefully:1.Insurance regulator, IRDAI has set up a single point contact for its Regulatory Sandbox (RS) initiative.2.Now financial technology firms can seek permission to experiment with innovative approaches for the growth of the sector.3.Regulatory sandbox (RS) usually refers to live testing of new products or services in a controlled/test regulatory environment.Which of the above statements is/are correct?

• A. Only 1
• B. Only 1 and 2
• C. Only 1 and 3
• D. Only 2 and 3
• E. All are correct