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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


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

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.

 

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