Economics · Industrial Sickness and Banking
Given below are two statements: Statement I: In order to arrest sickness at the incipient stage, banks and financial institutions should periodically review the accounts of small-scale industries to identify units that are becoming sick or are prone to sickness. Statement II: The rehabilitation packages provided to sick units consist of only financial support. In light of the above statements, choose the most appropriate answer:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect and Statement II is correct
- 2Statement I is correct and Statement II is incorrect✓
- 3Both Statement I and Statement II are incorrect
- 4Both Statement I and Statement II are correct
Correct answer
Statement I is correct and Statement II is incorrect
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