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      Question

      A loan becomes NPA on 31st March. If no recovery is

      made, when does it become a Doubtful Asset?
      A 31st May next year Correct Answer Incorrect Answer
      B 1 year from NPA date Correct Answer Incorrect Answer
      C 90 days from NPA Correct Answer Incorrect Answer
      D 180 days from NPA Correct Answer Incorrect Answer
      E On audit recommendation Correct Answer Incorrect Answer

      Solution

      A Substandard Asset becomes Doubtful if it remains NPA for more than 12 months.

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