Consider the following statements

1.    RBI has the obligation to undertake the receipts and payments of the Central Government and to carry out the exchange, remittance and other banking operations, including the management of the public debt of the Union

2.    State Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments. As of now, such agreements exist between RBI and all the State governments except with the Governments of Jammu and Kashmir, Sikkim and Goa.

Which of the above statements is/are correct?