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An asset that has been an NPA for 12 months or less is:

ASubstituted
BSubstandard
CSubordinate
DSubsidiary
Answer & Solution
Correct answer: B. Substandard
1. This is the first stage after an account goes bad. 2. It has well defined credit weaknesses. 3. Such an asset is called substandard. _Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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