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IBPS RRB Office Assistant NPA & Recovery — practice questions

Explore 80 free NPA & Recovery questions in IBPS RRB Office Assistant 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 1–30 of 80.

A term loan becomes an NPA when dues are overdue for more than:Read the answer and worked solution →The SARFAESI Act allows banks to:Read the answer and worked solution →Match each function of moneyRead the answer and worked solution →Sort each item on a bank balance sheetRead the answer and worked solution →Order the rounds of credit creationRead the answer and worked solution →True or false: money and banksRead the answer and worked solution →Key in the banking numberRead the answer and worked solution →Prudential norms on income recognition follow the recommendations of the:Read the answer and worked solution →Income recognition policy must rest on the record of:Read the answer and worked solution →A term loan turns into an NPA when dues are overdue for more than:Read the answer and worked solution →A loan for a short duration crop becomes an NPA after dues run:Read the answer and worked solution →A loan for a long duration crop becomes an NPA after dues run:Read the answer and worked solution →Who fixes the crop season for each crop in a state?Read the answer and worked solution →A cash credit account is out of order if it exceeds its limit for:Read the answer and worked solution →An amount is treated as overdue if it is not paid on the:Read the answer and worked solution →Into how many categories are non-performing assets classified?Read the answer and worked solution →An asset that has been an NPA for 12 months or less is:Read the answer and worked solution →A substandard asset becomes doubtful after it stays there for:Read the answer and worked solution →An asset identified as uncollectible but not yet written off is a:Read the answer and worked solution →An NPA can be upgraded to standard only when the borrower pays:Read the answer and worked solution →A working capital account goes bad if irregular drawings run for:Read the answer and worked solution →A Central Government guaranteed advance turns NPA only when the:Read the answer and worked solution →A State Government guaranteed advance turns NPA when dues run over:Read the answer and worked solution →The general provision on a substandard asset is:Read the answer and worked solution →An unsecured substandard exposure attracts a total provision of:Read the answer and worked solution →A substandard infrastructure loan account attracts a provision of:Read the answer and worked solution →An exposure is unsecured if realisable security is not more than:Read the answer and worked solution →The provision on the secured part of an asset doubtful up to one year is:Read the answer and worked solution →For an asset doubtful between one and three years the rate is:Read the answer and worked solution →For an asset doubtful for more than three years the rate is:Read the answer and worked solution →

Worked practice questions

A term loan becomes an NPA when dues are overdue for more than:

  1. 30 days
  2. 180 days
  3. 60 days
  4. 90 days
Show answer and solution

Correct answer: D. 90 days

1. The question asks: A term loan becomes an NPA when dues are overdue for more than. 2. Correct answer: 90 days. 3. An account is NPA if interest or instalment stays overdue beyond 90 days. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), NPA_

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The SARFAESI Act allows banks to:

  1. Recover dues by selling secured assets
  2. Decide the policy repo rate directly
  3. Print and issue new currency notes
  4. Regulate the insurance companies
Show answer and solution

Correct answer: A. Recover dues by selling secured assets

1. The question asks: The SARFAESI Act allows banks to. 2. Correct answer: Recover dues by selling secured assets. 3. SARFAESI lets banks enforce security interest without court action. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), SARFAESI_

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Match each function of money

Read exercise and reference answers
Matching pairs
  1. Left
    Medium of exchange
    Right
    Accepted in payment, so barter is not needed
  2. Left
    Unit of account
    Right
    Every price can be quoted in the same units
  3. Left
    Store of value
    Right
    Wealth can be held in it for future use
Instructions
Tap a function on the left, then tap what it means.
_Source: syllabus Macroeconomics XII Ch3 Money and Banking, 3.1 FUNCTIONS OF MONEY_

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More Banking Awareness topics

RBI BasicsBanker-Customer RelationshipNegotiable Instruments ActRBI Act & BR ActMonetary PolicyBasel Norms & CapitalFinancial InstitutionsDeposit Insurance