Given below are two statements :
Statements I : Narasimhan Conunittee reconunended reduction of SLR (Statutory
Liquidity Ratio) and CRR (Cash Reserve Ratio).
Statement II : Narasimhan Committee recommended that directed credit programme should be promoted.
In the light of the above statements, choose the correct answer from the options
given below:

A

Both statements I and Statements II are true

B

Both statements I and Statements II are false

C

Statements I is true but Statements II is false

D

Statements I is false but Statement II is true