Consider the following statements : 1. In India, Non-Banking Financial Companies can access the Liquidity Adjustment Facility window of the Reserve Bank of India. 2. In India, Foreign Institutional Investors can hold the Government Securities (G-Secs). 3. In India, Stock Exchanges can offer separate trading platforms for debts. Which of the statements given above is/are correct?

Let's analyze each statement:

1. Statement 1 is incorrect. In India, generally, only commercial banks and primary dealers (PDs) are allowed to access the Reserve Bank of India's (RBI) Liquidity Adjustment Facility (LAF) windows (repo and reverse repo) for short-term liquidity management. Non-Banking Financial Companies (NBFCs) do not have direct access to the LAF. They meet their liquidity needs from banks or the money market.

2. Statement 2 is correct. Foreign Institutional Investors (FIIs), now primarily referred to as Foreign Portfolio Investors (FPIs), are allowed to invest in Government Securities (G-Secs) in India, subject to certain limits and regulations set by the RBI and SEBI. This is a common channel for foreign investment into Indian debt markets.

3. Statement 3 is correct. Yes, in India, stock exchanges like the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) do offer separate trading platforms for debt instruments (e.g., corporate bonds, government securities, municipal bonds). These platforms facilitate the buying and selling of debt securities outside of the equity market. For instance, NSE has the 'Wholesale Debt Market' segment and BSE has the 'Debt Segment'.

Therefore, statements 2 and 3 are correct.