BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Standard Assets
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Sub-standard Assets
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Doubtful Assets
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Loss Assets
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Detailed explanation-1: -Standard Asset is one which does not disclose any problems, and which does not carry more than normal risk attached to the business. Such an asset should not be an NPA. A substandard asset would be one, which has remained NPA for a period less than or equal to 12 months.
Detailed explanation-2: -An asset which does not have more than normal risk attached to the business, and the one which does not disclose any problems is known as a standard asset.
Detailed explanation-3: -Standard Advance means any loan made by Bank to Borrower evidenced by this Note upon which the Standard Rate shall apply.
Detailed explanation-4: -The banks have to classify their advances as follows in order to arrive at the amount of the provision to be made against them, into the following groups:-1. Standard Assets 2. Sub-Standard Assets 3. Doubtful Assets and 4.