Which one of the following is correct regarding stabilization and structural adjustment as two components of the new economic policy adopted in India

(a)

Stabilization is a gradual, multi-step process while structural adjustment is a quick adaptation process

(b)

Structural adjustment is a gradual, multi-step process, while stabilization is a quick adaptation process

(c)

Stabilization and structural adjustment are very similar and complementary policies. It is difficult to separate one from the other

(d)

Stabilization mainly deals with a set of policies which are to be implemented by the Central Government while structural adjustment is to be set in motion by the State Governments