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0. The following two statements relate to industrial sickness. Choose the correct code for the statements being correct or incorrect. Statement I: The Sick Industrial Companies Act (SICA) was enacted to address a chronic problem of industrial sickness in the Indian economy. Statement II: SICA defined a sick industrial unit as one that had existed for at least three years and had incurred accumulated losses equal to its entire net worth at the end of any financial year. Code:
Statement I is correct, but II is incorrect.
Statement II is correct, but I is incorrect.
Both the statements I and II are correct.
Both the statements I and II are incorrect.
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