SarkariPYQ

SSC GD 2019 PYQ — Question 29

SSC GD Constable (English) - 18 Feb 2019 Shift 2 • General Awareness • Q29

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A loan becomes a Non-Performing Asset (NPA) when the interest or principal becomes overdue for a period of:

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 90 days

  • A Non-Performing Asset or NPA are those loans or advances that fall into arrears or default i.,e, a person is unable to repay his/her loan, both or any one of principal or interest payments within a period of 90 days.
  • The RBI adopted the  ‘90 days’ overdue’ norm for classification of NPAs on March 31, 2004.