Consider the following statements: 1. Reserve Bank of India was nationalised on 26 January, 1950. 2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance. Which of the statements given above is/are correct?

1. Statement 1: The Reserve Bank of India (RBI) was established on April 1, 1935. It was nationalised on January 1, 1949, not on 26 January, 1950. So, statement 1 is incorrect. 2. Statement 2: The public debt management function, including managing the borrowing programme of the Government of India, is primarily handled by the Reserve Bank of India (acting as the government's banker and debt manager), although policy decisions involve the Ministry of Finance. It is not handled solely by the Department of Expenditure within the Ministry of Finance. So, statement 2 is incorrect. Therefore, neither statement 1 nor 2 is correct.