Granulation tissue appearance is due to -: (A) Thrombosed capillaries, (B) Chronic inflammatory cells, (C) Budding ends of capillaries, (D) Densely packed collagen
Answer is C. Granulation tissue is a highly vascularized connective tissue. It is formed when tissue heals by scar formation. It appears pink and granular because of newly formed capillaries present in it.
It also consists of:

Fibroblasts
Residual inflammatory cells