Question : Which of the following is not a type of non-performing asset (NPA)?
Option 1: Substandard asset
Option 2: Doubtful asset
Option 3: Good asset
Option 4: Loss asset
Answer (1)
16th Jan, 2024
Correct Answer: Good asset
Solution : The correct answer is (c). Good asset
Non-performing assets (NPAs) are classified based on their repayment status and level of impairment. On the other hand, a "good asset" is not a classification of an NPA. It refers to a performing asset, where the borrower is making timely repayments, and the loan is not classified as an NPA.
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