📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the below statement is not

      true:
      A Sub-standard assets - shall mean an asset which has been classified as non - performing asset for the period not exceeding 12 months. Correct Answer Incorrect Answer
      B Standard Assets shall mean the asset in respect of which, no default in repayment of principal or payment of interest is perceived. Correct Answer Incorrect Answer
      C Non-Performing Asset (NPA) shall mean an asset, in respect of which, interest has remained overdue for a period of 3 months or more. Correct Answer Incorrect Answer
      D Doubtful assets - an asset which remains sub standard for a period not exceeding 36 months. Correct Answer Incorrect Answer
      E All are Correct Correct Answer Incorrect Answer

      Solution

      Doubtful assets - an asset which remains substandard for a period not exceeding 12 months.

      Practice Next
      More Financial Management Questions

      Relevant for Exams:

      ask-question