In the context of banking in India, Prompt Corrective Action is often seen in the news. Which of the following statements is/are correct with respect to Prompt Corrective Action?
1. If there is more number of banks under the Prompt Corrective Action Framework, it means that the health of banking is good.
2. More number of banks under the Prompt Corrective Action Framework essentially means the credit growth in the economy has slowed down.
Select the correct answer using the code given below:
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