State Development Loans (SDLs) are issued by state governments. Which of the following statements about SDLs is correct?

State Development Loans are market borrowings by state governments, managed by the RBI on their behalf through a competitive bidding process similar to central G-Sec auctions. SDLs are medium to long-term instruments (typically 10 years) and carry a slightly higher yield (spread) than Central Government securities of the same maturity reflecting the slightly higher perceived credit risk of states compared to the sovereign. SDLs are eligible as SLR securities, meaning banks can hold them to meet their SLR requirements. They are not guaranteed by the Central Government each state is responsible for its own SDL obligations. Current Assets = Rs. 8,40,000  |  Current Liabilities = Rs. 3,50,000  |  Inventory = Rs. 2,10,000 Net Sales = Rs. 18,00,000  |  Cost of Goods Sold = Rs. 13,50,000  |  Net Profit after Tax = Rs. 1,80,000 Total Assets = Rs. 15,00,000  |  Shareholders' Equity = Rs. 9,00,000