Question
Which of the following is true regarding the Reserve
Bank of India's prudential norms for income recognition, asset classification, and provisioning for banks' advances portfolio?Solution
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.
A sum of Rs. 4,000 becomes Rs. 6,912 in 3 years at a certain rate of interest compounded annually. What is the rate of interest?
Which of the following may be the code for ‘lessons War’?
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In a certain code language, ‘201511920’ is related to 'TOAST' in the same way ‘321181851420’ is related to which of the following words?
...When entering text within a document, the Enter key normally pressed at the end of every
Which device connects a computer to a telephone line for internet access?
- The volume of a sphere is 288π cm³. What will be its surface area?
- The ratio between cost price, labelled price and the selling price of a product is 4:10:6. If a profit of Rs. 240 is gained on the sale, find out how much ...
- Priya bought a gadget at 40% discount on its listed price and later sold it by offering a 20% discount on the listed price. What was her profit percentage?
From the given answer figures, select the one in which the question figure is hidden / embedded(rotation is not allowed).
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