Monday, 10 April 2017

Banking Questions Test (MCQ)- 44

1. Banks should classify the NPAs as:
a)    Sub Standard assets
b)    Doubtful Assets
c)    Loss Assets
d)    All of the above

2. Standard assets are those which do not disclose any problems and do not carry more than normal business risks. The statement is
a) True                    b) False                   c) Incomplete          d) None of the above

3. Doubtful asset is one:
a)    Which remains substandard for a period above 12 months
b)    Which has become doubtful of recovery because of non availability of security
c)    Any of the above
d)    None of the above

4. In case of a loan account, the security to the extent of 53% has been damaged. The account to be classified as:
a) Doubtful    b) Substandard       c) Standard             d) None of the above

5. Loss asset is one which has been identified as such by:
a) Bank inspectors b) Auditors    c) RBI inspectors     d) Any of the above

6. “Banks are to make provision against standard, sub standard, doubtful and a loss asset” is a statement, which is:
a) False                   b) True          c) Incomplete          d) None of the above

7. Provision is done on …
a) Outstanding ledger balance      b) Outstanding record balance
c) Closure balance                       d) None of the above

8. The asset which is fully secured but doubtful for a period up to one year, the provision is at the rate of:
a) 15%          b) 25%          c) 40%      d) None of the above

9. The asset which is fully secured but doubtful for one year to three years, the provision is at the rate of:
a) 15%          b) 25%          c) 40%          d) 100%

10. In case of substandard assets having ab-initio unsecured criteria, the provision is to be made at the rate of:
a) 15% of the outstanding amount          b) 25% of the outstanding amount
c) 40% of the outstanding amount                     d) 100% of the outstanding amount

Answer-
1
2
3
4
5
6
7
8
9
10
d
a
a
a
d
b
a
b
c
b



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