Question : Which of the following is not a type of non-performing asset (NPA)?
Option 1: Substandard assets
Option 2: Doubtful assets
Option 3: Bad assets
Option 4: Perfect assets
Correct Answer: Perfect assets
Solution : The correct answer is (d). Perfect assets
Non-performing assets (NPAs) are loans or advances that have stopped generating interest income or have become doubtful of full recovery. They are categorized based on their level of impairment and the likelihood of recovery.
"Perfect assets" is not a recognized term in the context of NPAs. It is not a type of NPA classification. The term "perfect assets" is not used to describe the status of loans or advances in terms of their performance or repayment status.
