Which of the following statements about the India Post Payments Bank (IPPB) is/are correct?_x005F_x000D_ 1. It has been incorporated as a Public Limited Company._x005F_x000D_ 2. It started its operation by establishing two pilot branches at Hyderabad and Varanasi._x005F_x000D_ Select the correct answer using the code given below.

• A. 1 only
• B. 2 only
• C. Both 1 and 2
• D. Neither 1 nor 2