Read the following statements carefully:1.RBI proposed that fintech start-ups could set up a regulatory sandbox or live-testing of innovative products and services.2.This would be done in segments such as retail payments, money transfer, artificial intelligence and data analytics in the financial sector.3.A regulatory sandbox (RS) refers to live-testing of new products or services in a controlled and test regulatory environment.Which of the following 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