The recent slowdown in the Indian economy has often been described as both structural and cyclical in nature. It has been argued by some experts that the Indian economy is facing a 'Four balance sheet challenge'. In this context, which of the following components form the part of the 'Four balance sheet challenge'?
1. Public Sector Banks
2. Non-Banking Financial Companies
3. Real Estate Sector
4. Reserve Bank of India
Select the correct answer using the code given below.
1
1 ,2 and 4 only
2
1, 3 and 4 only
3
2 and 4 only
4
1, 2 and 3 only