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Auditors have identified a loan as uncollectible but it is not yet written off. It is a:
ALoss asset
BDoubtful one
CStandard one
DSubstandard
Answer & Solution
Correct answer: A. Loss asset
1. Loss has been identified by auditors or RBI inspection.
2. The amount is not written off wholly.
3. That is a loss asset.
_Source: Reserve Bank of India, Glossary (rbi.org.in)._
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