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    Question

    As per RBI’s Special Mention Account (SMA) framework,

    if an account remains overdue for 61–90 days, how is it classified?
    A SMA-0 Correct Answer Incorrect Answer
    B SMA-1 Correct Answer Incorrect Answer
    C SMA-2 Correct Answer Incorrect Answer
    D Sub-standard Asset Correct Answer Incorrect Answer
    E Doubtful Asset Correct Answer Incorrect Answer

    Solution

    SMA categories are: SMA-0 (1–30 days), SMA-1 (31–60 days), SMA-2 (61–90 days). Beyond 90 days, the account becomes an NPA.

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