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An NPA of five crore rupees and above needs a stock audit at:
AAnnual intervals
BWeekly intervals
CHourly intervals
DDaily intervals
Answer & Solution
Correct answer: A. Annual intervals
1. The audit is done by an external agency.
2. It is meant to make stock valuation reliable.
3. It is mandatory at annual intervals.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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