question_answer

      Economic survey envisages certain scenarios in which India's TBS may be sustainable. With regard to it, consider the following scenarios:

1. Under Containment scenario. Economy grows with improvement in cash flows to stressed companies so that they can service debts.

2. Under Phoenix scenario, NPAs are limited to a small proportion of the GDP and GDP growth is increased. In this way problem is not solved but fades in importance.

Identify the correct statements:

Codes:

A) 1 only                          

B) 2 only

C) Both                

D) Neither of the above