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The provisioning should be made on the basis of the period for which the asset has remained non-performing and the availability of security and the realizable value thereof. Options A and B are incorrect because the policy of income recognition should be objective, and the classification of assets should be done on the basis of objective criteria. Option D is incorrect because banks are urged to ensure that realistic repayment schedules may be fixed on the basis of cash flows with borrowers. Option E is incorrect because the prudential norms are aimed at improving consistency and transparency in the published accounts.
Person 'P' purchased two watches at the same price. One of the watches was sold at a profit of 26%, while the other was sold at a...
A shopkeeper sold a school bag at a profit of 42%. Had he sold the school bag at 22% profit he would have earned Rs.124 less. Find the cost price of the...
Raju purchased 20 dozen bananas at ₹40 per dozen. He sold 8 dozen of it at 10% profit and the remaining 12 dozen at 20% profit. What is his profit% in...
A shopkeeper sets the marked price of an item at 50% higher than its cost price. He then offers two successive discounts of 20% and m% on the marked pri...
A shopkeeper bought two televisions at a certain amount. He sold the first television at a 30% profit and the second television at a 20% loss. If the se...
An article is sold at a profit of 40%. If the purchasing price triples and the selling price decreases by 20%, what will be the percentage of profit or ...
A shopkeeper bought two articles for Rs. 500 each. If he sold one of them at 40% profit and the other at 25% loss, then find the difference between the ...
A shopkeeper bought an article and marked it at Rs. 560. By selling the article at a discount of 4%, he earns a profit of 20%. Find the cost price of th...
A merchant increased the price of a blouse by 20%. If the labeled price of the blouse is Rs. 600, and in this transaction, the shopkeeper made a profit ...
A Shopkeeper marks his goods 50% above a CP and gives 30% discount to customer. At the time of selling the goods he uses 800 gm weight instead of 1 kg. ...
