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An asset identified as uncollectible but not yet written off is a:
ALate asset
BLien asset
CLien advance
DLoss asset
Answer & Solution
Correct answer: D. Loss asset
1. The loss has been identified by the bank or an auditor.
2. The amount has not been written off wholly.
3. It is classified as a loss asset.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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