Question
While auditing a bank’s loan portfolio, the auditor
notices multiple loan accounts overdue for 91+ days. What should be the classification of such accounts as per IRAC norms?Solution
As per IRAC norms, a loan overdue for more than 90 days becomes a Non-Performing Asset (NPA) and is initially classified as Substandard.
A company has a certain number of employees. Initially, 60% of the employees were assigned to the research department, 20% to the marketing department, ...
Fresh fruits contain 85% water and dry fruits contain 20% water, then how many kg of dry fruits will be obtained from 64kg fresh fruits?
A man spent 50% of his income in May. If his savings is increased by 30% in June and becomes Rs. 9100, then find the income of man in May.
A man bought a Rs 72 share of a company which paid 10% dividend. If the man got 18% on his investment, at what price did he buy the share?
The income of ‘A’ increases by 20% every year. If his income 3 years hence from now will be Rs. 62208, then find his income a year before from now.<...
In 2011, the total population of a village was 5280, Out of which 30% were female. In 2012, the total population increased by 10% in comparison to the p...
A candidate who gets 28% marks fails by 10 marks but another candidate who gets 42% marks gets 12% more than the passing marks. Find the maximum marks.
The boys and girls in a college are in the ratio 3:2. If 15% of the boys and 25% of the girls are adults, then adults are approximately how much % less ...
In two schools A and B, the total number of students is in the ratio 3:5. The number of boys in school A is 30% less than the number of boys in school B...
A bowl contains a colony of bacteria. Every hour, the bacteria population doubles, but immediately after doubling, a virus kills 40% of the population. ...
