Banking General Awareness Basel Norms Question Bank NPA and Basel Norms

  • question_answer
    Which of the following statement is correct in the context of NPA account?

    A) The interest cannot be debited to the account even if it has been recovered

    B) If interest has been debited during the year but not recovered and account has become NPA at the end of the year interest can be taken to income

    C) In case of government guaranteed account interest can be taking to income when not recovered

    D) Interest cannot be debited to account and credited to profit and loss account till it is recovered

    E) None of these

    Correct Answer: A

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