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      Question

      In the Asset Classification framework, which of the

      following is considered a Loss Asset?
      A Fully secured but overdue for 90 days Correct Answer Incorrect Answer
      B Secured NPA under litigation Correct Answer Incorrect Answer
      C Unsecured and identified by the bank as unrecoverable Correct Answer Incorrect Answer
      D Asset restructured under RBI guidelines Correct Answer Incorrect Answer
      E Written off but under recovery process Correct Answer Incorrect Answer

      Solution

      Loss assets are those where recovery is highly uncertain and are either written off or fully provided for.

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