1. As per recommendations of the Narasimham Committee, it has been decided that credit facilities granted by banks will be classified into perform and non-performing assets (NPA) |
2. NPA is a loan which is in default for more than months. |
A) 1 only
B) 2 only
C) 1 and 2
D) None of the Above
Correct Answer: B
Solution :
NPA is a loan (whether term loan, cash credit, overdraft, or bills discounted), which is in default for more than six months.You need to login to perform this action.
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