History · Mughal Economy and Banking

Consider the following statements regarding the Mughal credit system and the operational parameters of the sarrafs: I. The sarrafs operated as money-changers, money-lenders, and issuers of hundis, and routinely accepted deposits as well as advanced loans. II. The business of insurance (bima) was fairly well-developed and managed by the sarrafs, providing coverage for hundis, goods in transit, and cargo. III. While highly effective for discounting commercial debt, the credit network was primarily formed for the short-term requirements of commerce, possessing limited structural provisions for long-term industrial capital investment. Which of the statements given above is/are correct?