A doubtful asset is one that has remained NPA for: MCQ with Answer and Explanation

Question

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A doubtful asset is one that has remained NPA for:

A. up to 6 months

B. more than 12 months

C. up to 12 months

D. less than 90 days

Answer: Option B

Solution (By JKSSB Mock Tests)

A doubtful asset has remained NPA for more than 12 months.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' has a threshold exemption for small businesses to reduce:

A. revenue

B. imports

C. compliance burden

D. exports

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Correct Answer: Option C

Explanation:
Threshold exemption reduces compliance burden for small businesses.

This question belongs to: Economy GK Economy Set 1

Question #2

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In the context of cost analysis, fixed costs in the short run:

A. Vary with the level of output

B. Remain constant irrespective of the level of output

C. Are zero at zero output

D. Are always greater than variable costs

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Correct Answer: Option B

Explanation:
Fixed costs do not change with the level of output in the short run; they must be incurred even if output is zero.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Securities and Exchange Board of India' is a:

A. private company

B. statutory body

C. constitutional body

D. government department

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Correct Answer: Option B

Explanation:
SEBI is a statutory body established under the SEBI Act, 1992.

This question belongs to: Economy GK Economy Set 1

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