Read the following statements carefully:1. The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC).2. Currently, the banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators, i.e. RBI, SEBI and IRDAI.3. This will be done through the International Financial Services Centres Authority Bill, 2019.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