Dear Readers,
Q1. __________ an asset, including a leased asset, becomes non performing when it ceases to generate income for the bank.
Q2. NPA stands for-
(a) National performing Assets
(b) New performing Assets
(c) Non production Assets
(d) Non performing Assembly
(e) Non performing Assets
Q3. NPA is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than ______ days in respect of a term loan.
(a) 100 days
(b) 30 days
(c) 90 days
(d) 60 days
(e) 120 days
Q4. NPA is a loan or an advance where?
(a) The installment of principal or interest there on remains overdue for one crop season for long duration crops.
(b) The account remains ‘out of order’ in respect of an Overdraft/Cash Credit (OD/CC).
(c) The installment of principal or interest there on remains overdue for two crop seasons for short duration crops.
(d) All of the above
(e) None of the above
Q5. Banks are required to classify NPA further into the ___________ categories based on the period for which the asset has remained nonperforming and the realisability of the dues.
Q6. Which among the following are not the categories of NPA?
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above
Q7. With effect from 31 March 2005, a ______________ would be one, which has remained NPA for a period less than or equal to 12 months.
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above
Q8. With effect from March 31, 2005, an asset would be classified as _____________ if it has remained in the substandard category for a period of 12 months.
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above
Q9. A ______________ is one where loss has been identified by the bank or internal or external auditors or the RBI inspection but the amount has not been written off wholly.
(a) Substandard Assets
(b) Profit Assets
(c) Doubtful Assets
(d) Loss Assets
(e) None of the above
Q10. Which committee has recommended the setting up of Special Tribunals to reduce the time required for settling cases?
(a) Kelkar committee
(b) Justice Reddy committee
(c) Rangarajan Committee
(d) Sivaraman Committee
(e) Narasimham Committee
Q11. DRT has been constituted under Section 3 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. DRT stands for-
(a) Debt Recovery Tribunals
(b) Demand Recovery Tribunals
(c) Deposit Recovery Tribunals
(d) Debt Refinance Tribunals
(e) Debt Recovery Treaty
Q12. Securitisation act 2002 enables the banks to issue notices to defaulters who have to pay the debts within __________ days.
(a) 90 days
(b) 60 days
(c) 30 days
(d) 120 days
(e) None of the above
Q13. Lok Adalats have been found suitable for the recovery of small loans. They cover NPA up to -------
(a) Rs. 15 lakhs
(b) Rs. 10 lakhs
(c) Rs. 5 lakhs
(d) Rs. 20 lakhs
(e) Rs. 25 lakhs
Q14. Which organisation/bureau can help by maintaining a data bank which can be assessed by all lending institutions?
(a) Central Board of Direct Taxes (CBDT)
(b) Securities and Exchange Board of India (SEBI)
(c) Central Statistics Office (CSSO)
(d) Credit Information Bureau (CIB)
(e) National Sample Survey Office (NSSO)
Q15. Compromise Settlement Scheme provides a simple mechanism for recovery of NPA. Compromise Settlement Scheme is applied to advances below ----------
(a) Rs. 1 crores
(b) Rs. 20 crores
(c) Rs. 50 crores
(d) Rs. 100 crores
(e) Rs. 10 crores
Answers will be updated soon......
- http://www.bankersadda.com/2017/05/banking-awareness-questions-for-bank-of.html
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