With effect from 31 March 2005, a.....would be one, which has remained NPA for a period less than or equal to 12 months.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

With effect from 31 March 2005, a____would be one, which has remained NPA for a period less than or equal to 12 months.

A	Sub-standard Assets
B	Profit Assets
C	Doubtful Assets
D	Loss Assets

Explanation:

Detailed explanation-1: -With effect from March 31, 2005 an asset would be classified as sub-standard if it remained NPA for a period less than or equal to 12 months.

Detailed explanation-2: -1. Substandard assets: Assets which has remained NPA for a period less than or equal to 12 months. 2. Doubtful assets: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.

Detailed explanation-3: -An asset is classified as a sub-standard asset if it remains as an NPA for a period less than or equal to 12 months. An asset is classified as a doubtful asset if it remained as an NPA for more than 12 months.

Detailed explanation-4: -Categories of NPAs Doubtful Asset: Any loan or advance is a doubtful asset if it remains outstanding or NPA for a period of more than 12 months and is already classified as a sub-standard asset.

Detailed explanation-5: -The provisions should be made on the basis of classification of assets into four different categories as stated above i.e. standard, substandard, doubtful & loss assets. C Doubtful Upto One year NPA upto 24 months 100% on unsecured portion & 25% on realizable value of Assets. years months realizable value of assets.

There is 1 question to complete.