Which one of the following statements is correct?
(A) For a floating body, the stable equilibrium condition exists when position of metacentre remains higher than the centre of gravity of the body
(B) For a floating body, the stable equilibrium condition exists when position of metacentre remains lower than the centre of gravity of the body
(C) For a floating body, the neutral equilibrium condition exists when position of metacentre remains higher than the centre of gravity of the body
(D) For a floating body, the unstable equilibrium condition exists when position of metacentre remains higher than the centre of gravity of the body