Which of the following statements is/are TRUE with respect to the Statutory Liquidity Ratio ? I.The SLR was prescribed by Section 24 (2

• A of Banking Regulation Act, 1949. II.It represents a portion of the Net Time and Demand Liabilities (NTD
• L of commercial banks that they must keep in the form of approved assets like gold, cash, government securities, or other RBI-sanctioned securities. III.To control the inflation, i.e., by decreasing the SLR percentage, the inflation in the country can be brought under control.