Bank Exams Exam > Bank Exams Questions > Which of the following statements with regard...
Start Learning for Free
Which of the following statements with regard to non-Performing assets (NPA) are correct?
I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.
II. Any amount due to the bank under any credit facility is 'overdue' if it is not paid on the due date fixed by the bank.
III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.
IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.
I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.
II. Any amount due to the bank under any credit facility is 'overdue' if it is not paid on the due date fixed by the bank.
III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.
IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.
- a)II and III only
- b)I and III only
- c)I, II and IV only
- d)I, III and IV only
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following statements with regard to non-Performing assets...
- A NPA is a loan or an advance where interest and/ or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.
- Any amount due to the bank under any credit facility is 'overdue' if it is not paid on the due date fixed by the bank. An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection but the amount has not been written off wholly. In other words, such an asset is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted although there may be some salvage or recovery value.
Most Upvoted Answer
Which of the following statements with regard to non-Performing assets...
Explanation:
NPA Definition:
- A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.
Overdue Credit Facility:
- Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.
Asset Classification:
- An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.
Loss Asset:
- A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.
Therefore, the correct statements with regard to non-Performing assets (NPA) are I, II, and IV.
NPA Definition:
- A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.
Overdue Credit Facility:
- Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.
Asset Classification:
- An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months.
Loss Asset:
- A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.
Therefore, the correct statements with regard to non-Performing assets (NPA) are I, II, and IV.
|
Explore Courses for Bank Exams exam
|
|
Similar Bank Exams Doubts
Top Courses for Bank ExamsView all
Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer?
Question Description
Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer?.
Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams.
Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements with regard to non-Performing assets (NPA) are correct?I. A NPA is a loan or an advance where interest and/ or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan.II. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank.III. An asset would be classified as doubtful if it has remained in the substandard category for a period 9 months.IV. A loss asset is one where loss has been identified by the bank or internal or external auditors or the RBI inspection and the amount has been written off wholly.a)II and III onlyb)I and III onlyc)I, II and IV onlyd)I, III and IV onlyCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Bank Exams tests.
|
|
Explore Courses for Bank Exams exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup