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.

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