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Answer

Correct Option is Both (a) and (b)

Solution: Refer to the last paragraph, ‘’ …That begs the question about the calibre of professionals NARCL and the IDRCL would need to outdo private players. The new entities’ ability to get a few good men to deliver more bang for sunk capital would be critical, as would structures to pre-empt a moral hazard that the guarantee poses”. From this we can infer that both statements (a) and (b) are correct.

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