Civil Services WBCS (Executive) Prelims + Mains Mock Tests 2025 Current Affairs Business and Economy
Consider the following:
Statement I: The profitability of Scheduled Commercial Banks (SCBs) declined in the last two years due to rising Gross Non-Performing Assets (GNPAs).
Statement II: The Gross Non-Performing Assets (GNPAs) of SCBs fell to a 12-year low of 2.6% in 2024, contributing to improved bank profitability.
Which one of the following is correct in respect of the above statements?
1
Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
2
Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
3
Statement I is incorrect, but Statement II is correct.
4
Statement I is correct, but Statement II is incorrect.