Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions:1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months.2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months.3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value.Which out of the above pairings are correct?

Consider the following pairings of Non-Performing Assets (NPA) classif

1.	Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions:1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months.2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months.3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value.Which out of the above pairings are correct?
A.	Only 1 and 2
B.	Only 2 and 3
C.	Only 1 and 3
D.	1, 2 and 3
Answer» E.