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Consider the following pairings of Non-Performing Assets (NPA) classification in India with their descriptions : 1. Substandard assets : Assets which have remained NPAs for a period less than or equal to 12 months. 2. Doubtful assets : Assets which have remained in the substandard category for a period of 12 months. 3. Loss assets : Assets which are considered uncollectible and of such little value that their continuance as a bankable asset is not warranted, although there may be some salvage or recovery value. Which out of the above pairings are correct ?
Correct Answer: (d)
Official keyThis question appeared in the PPSC Prelims 2021 examination (GS-I). It is Question 44 out of 100 questions in this paper.
This question was part of the PPSC Prelims 2021 (GS-I). The PPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all PPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.