Explore topic-wise MCQs in Banking And Financial Awareness.

This section includes 5 Mcqs, each offering curated multiple-choice questions to sharpen your Banking And Financial Awareness knowledge and support exam preparation. Choose a topic below to get started.

1.

'Non-performing Assets" (NPA) of Indian Commercial Banks are _____.

A. Buildings and Land
B. Loans not repaid within stipulated time
C. Government securities
D. Cash holding
Answer» C. Government securities
Discussion
2.

Banks are required to classify Non-Performing Assets into

A. Sub-standard assets, doubtful assets, and loss assets
B. Standard assets, and sub-standard assets
C. Doubtful assets, and bad debts
D. Doubtful assets, bad debts and loss assets
Answer» B. Standard assets, and sub-standard assets
Discussion
3.

Arrange the following initiatives taken by the Government of India to tackle the Non-performing assets in their ascending order of chronology : (A) Corporate Debt Restructuring(B) Compromise Settlement(C) The Debt Recovery Tribunals (DRTs)(D) Credit Information Bureau(E) SARFAFSI Act Choose the correct answer from the options given below:

A. (C), (D) (A), (B), (E)
B. (A), (B), (E), (C), (D)
C. (C), (D), (B), (E), (A)
D. (D), (C), (B), (E), (A)
Answer» B. (A), (B), (E), (C), (D)
Discussion
4.

A loan becomes a Non-Performing Asset (NPA) when the interest or principal becomes overdue for a period of:

A. 5 years
B. 90 days
C. 180 days
D. 365 days
Answer» C. 180 days
Discussion
5.

A loan or advance for which the principal or interest payment is overdue for a period of 90 days is called:

A. Bad debt
B. Loss asset
C. Non-recurring asset
D. Non-performing asset
E. None of the above
Answer» E. None of the above
Discussion