Consider the following statements about the proposed Rail Development Authority:1)It will act within the parameters of the Railway Act, 19892)The authority will consist of four members3)It will regulate the sector opened to the private sector for investmentWhich of the above statements is/are correct?

• A. 1, 2 & 3
• B. 1 & 2 Only
• C. 2 & 3 Only
• D. 3 Only

Answer: (A)