Sub Standard Assets are those accounts classified as NPAs for a period less than or equal to how many months?
Correct Answer : c ) 18 MonthsExplanation :
- Sub Standard Assets are those accounts which have been classified as NPAs for a period less than or equal to 18 months.
- Doubtful Assets are those accounts which have remained as NPAs for a period exceeding 18 months.
- Loss Assets is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. A loss asset has not been written off, wholly or partly.
Hence, (c) is the correct answer.
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