Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   A term loan turns NPA after:

   Choices

   1. 30 days
   2. 60 days
   3. 90 days

   Correct choice

   90 days

2. Question

   Substandard becomes doubtful after:

   Choices

   1. 12 months
   2. 24 months
   3. 36 months

   Correct choice

   12 months

3. Question

   Unsecured means security not above:

   Choices

   1. 10 per cent
   2. 20 per cent
   3. 50 per cent

   Correct choice

   10 per cent

4. Question

   Fraud provision may be spread over:

   Choices

   1. Two quarters
   2. Four quarters
   3. Six quarters

   Correct choice

   Four quarters

5. Question

   A credit card is past due after:

   Choices

   1. Three days
   2. Seven days
   3. Ten days

   Correct choice

   Three days

Instructions

Tap the correct answer before the round moves on.

Explanation