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

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A doubtful asset is one that has remained NPA for:

A. less than 90 days

B. up to 12 months

C. more than 12 months

D. up to 6 months

Answer: Option C

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

The 'World Economic Forum' holds its annual meeting in:

A. Basel

B. Geneva

C. Davos

D. Zurich

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Correct Answer: Option C

Explanation:
The World Economic Forum annual meeting is held in Davos, Switzerland.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a feature of the Keynesian theory?

A. Importance of government intervention

B. Emphasis on effective demand

C. Wage-price flexibility ensuring full employment

D. Possibility of underemployment equilibrium

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Correct Answer: Option C

Explanation:
Keynes rejected the classical assumption of wage-price flexibility leading to automatic full employment. He argued that underemployment equilibrium is possible.

This question belongs to: Economy GK Economy Set 1

Question #3

The Banking Ombudsman is appointed by:

A. Indian Banks' Association

B. President

C. Finance Minister

D. Reserve Bank of India

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Correct Answer: Option D

Explanation:
The RBI appoints Banking Ombudsmen to resolve customer complaints against banks.

This question belongs to: Economy GK Economy Set 1

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