Consider the following statements:1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.2. CAR is decided by each individual bank;Which of the statements given above is/are correct?

Consider the following statements:1. Capital Adequacy Ratio (CAR) is t

1.	Consider the following statements:1. Capital Adequacy Ratio (CAR) is the amount that banks have to maintain in the form of their own funds to offset any loss that banks incur if the account-holders fail to repay dues.2. CAR is decided by each individual bank;Which of the statements given above is/are correct?
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» B. 2 only