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      Question

      Under IRAC norms, an account is classified as

      Non-Performing Asset (NPA) if interest or principal remains overdue for:
      A 60 days Correct Answer Incorrect Answer
      B 30 days Correct Answer Incorrect Answer
      C 120 days Correct Answer Incorrect Answer
      D 90 days Correct Answer Incorrect Answer
      E 180 days Correct Answer Incorrect Answer

      Solution

      As per RBI, an asset becomes an NPA if overdue for more than 90 days.

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