Consider the following statements. 1. In case of standard assets, provision for NPA must be 25% for all types of standard assets. 2. In case of sub-standard assets, provision for NPA must be 10% for all types of standard assets. 3. In case of doubtful assets, 100% provision is required for unsecured and secured advances. 4. In case of loss assets, 10% of unsecured and 100% of secured advance must be kept as provision for NPAs. Which of the statement(s) given above is/are correct?

Answer: Option B