Banking General Awareness Banking System Question Bank Practice Questions - Challenges in Banking System

  • question_answer
    Which of the following is true about RBI's decision regarding sick micro and small enterprises?

    A)  These guide lines made on recommendations of the working group chaired by Deputy Governor K. C. Chakrabarty

    B)  RBI has suggested that an MSE is considered 'sick' when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more

    C)  RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year

    D)  The stipulation that the unit should have been in commercial production for at least two years has been removed.

    E)  All of the above

    Correct Answer: B


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