Question of The Day18-10-2020

Sub Standard Assets are those accounts classified as NPAs for a period less than or equal to how many months?

Answer

Correct Answer : c ) 18 Months

Explanation :
  • 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.

Questions related to Indian Economy are generally asked in exams like UPSC CSE, State PCS, SSC CGL, SSC CHSL, SSC CPO, RRB NTPC, IBPS SO, CDS, etc.

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