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IBPS Clerk NPA & Recovery — practice questions — page 2

Explore 80 free NPA & Recovery questions in IBPS Clerk Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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NPA & Recovery questions and exercises with answers

Showing questions 31–60 of 80.

A loss asset left in the books must be provided at:Read the answer and worked solution →Standard farm credit and small enterprise loans are provided at:Read the answer and worked solution →Standard advances to commercial real estate are provided at:Read the answer and worked solution →All other standard loans and advances are provided at:Read the answer and worked solution →Provisions on standard assets are treated how for net NPA?Read the answer and worked solution →An NPA of five crore rupees and above needs a stock audit at:Read the answer and worked solution →Immovable property charged to a bank must be revalued once in:Read the answer and worked solution →On detecting a fraud a bank may spread the provision over up to:Read the answer and worked solution →A credit card account is reported past due only after:Read the answer and worked solution →Order an account's slide into lossRead the answer and worked solution →Match each class to its provisionRead the answer and worked solution →Sort each account by its classRead the answer and worked solution →True or false about NPA rulesRead the answer and worked solution →Does the 90 day rule apply?Read the answer and worked solution →Fill the gaps in the provisioning rulesRead the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →Prudential norms for income recognition followed the report of the:Read the answer and worked solution →Income recognition must rest on the record of:Read the answer and worked solution →A term loan becomes an NPA when dues stay overdue beyond:Read the answer and worked solution →A bill purchased or discounted becomes an NPA after:Read the answer and worked solution →A loan for a short duration crop turns NPA after dues run past:Read the answer and worked solution →A loan for a long duration crop turns NPA after dues run past:Read the answer and worked solution →An amount is treated as overdue when it is not paid on the:Read the answer and worked solution →Non-performing assets are classified into how many categories?Read the answer and worked solution →An asset stays substandard for a period of up to:Read the answer and worked solution →An NPA becomes doubtful after it has been substandard for:Read the answer and worked solution →An asset judged uncollectible but not yet written off is a:Read the answer and worked solution →A working capital account turns NPA on irregular drawings lasting:Read the answer and worked solution →A substandard infrastructure loan attracts a provision of:Read the answer and worked solution →

Worked practice questions

A loss asset left in the books must be provided at:

  1. 300 per cent
  2. 200 per cent
  3. 400 per cent
  4. 100 per cent
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Correct answer: D. 100 per cent

1. A loss asset should normally be written off. 2. If it stays, nothing about it is assumed recoverable. 3. The whole outstanding is provided for. _Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_

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Standard farm credit and small enterprise loans are provided at:

  1. 0.25 per cent
  2. 0.75 per cent
  3. 1.25 per cent
  4. 2.25 per cent
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Correct answer: A. 0.25 per cent

1. Standard assets carry a small general provision. 2. Farm credit, housing and SME loans get the lowest rate. 3. That rate is 0.25 per cent. _Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_

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Standard advances to commercial real estate are provided at:

  1. 7.00 per cent
  2. 1.00 per cent
  3. 3.00 per cent
  4. 5.00 per cent
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Correct answer: B. 1.00 per cent

1. Commercial real estate is treated as the riskiest standard class. 2. It carries the highest ordinary standard rate. 3. That rate is 1.00 per cent. _Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_

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