Q.Consider the following statements concerning the banking sector norms: (a) The Basel III norms mandate that banks must maintain a minimum Capital Adequacy Ratio (CAR) to absorb unpredicted financial shocks. (b) The Liquidity Coverage Ratio (LCR) is designed to ensure that banks hold a sufficient reserve of High-Quality Liquid Assets (HQLA) to survive a 30-day significant stress scenario. (c) The Insolvency and Bankruptcy Code (IBC) of 2016 exclusively deals with the insolvency resolution of corporate entities and does not cover individuals or partnership firms. Which of the statements given above is/are incorrect?