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An NPA of five crore rupees and above needs a stock audit:
AEvery decade
BEvery year
CEvery month
DEvery quarter
Answer & Solution
Correct answer: B. Every year
1. External agencies carry out the audit.
2. The board approves the guidelines for appointing them.
3. The audit is done at annual intervals.
_Source: RBI Master Circular, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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