Consider the following statement: 1. As per recommendations of the Narasimham Committee, it has been decided that credit facilities granted by banks will be classified into perform and non-performing assets (NPA) 2. NPA is a loan which is in default for more than months. Choose the incorrect statement.

Consider the following statement: 1. As per recommendations of the Na

1.	Consider the following statement: 1. As per recommendations of the Narasimham Committee, it has been decided that credit facilities granted by banks will be classified into perform and non-performing assets (NPA) 2. NPA is a loan which is in default for more than months. Choose the incorrect statement.
A.	1 only
B.	2 only
C.	1 and 2
D.	None of the Above
Answer» C. 1 and 2