Under NPA classification, a substandard asset is one that has remained NPA for: MCQ with Answer and Explanation

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Under NPA classification, a substandard asset is one that has remained NPA for:

A. only 30 days

B. 12 months or less

C. more than 5 years

D. less than 6 months

Answer: Option B

Solution (By JKSSB Mock Tests)

A substandard asset is one that has remained NPA for up to 12 months.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a capital account transaction in the balance of payments?

A. Remittances from non-resident Indians

B. Foreign direct investment inflows

C. Interest payments on external debt

D. Export of software services

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Correct Answer: Option B

Explanation:
Foreign direct investment is a capital account transaction. Software exports, remittances and interest payments are current account items.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'White Revolution' in India is associated with which brand?

A. NDDB

B. Safal

C. Amul

D. Mother Dairy

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Correct Answer: Option C

Explanation:
The White Revolution, or Operation Flood, is associated with Amul and dairy cooperatives.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Trade Facilitation Agreement' of WTO entered into force in which year?

A. 2017

B. 2013

C. 2019

D. 2018

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Correct Answer: Option A

Explanation:
The Trade Facilitation Agreement entered into force in 2017.

This question belongs to: Economy GK Economy Set 1

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