APPSC Group 1 Prelims 2023 Paper 1 · Question 75

Question 75 of the APPSC Group-I Prelims 2023 Paper I (8 January 2023). Try it first, then open the answer and explanation.

1. Prelims 2023 · P-I · Q75 · Indian & AP Economy · Money, Banking & Inflation

   Non-Performing Asset as per the current banking norms is

   ప్రస్తుత బాంకిగ్ నిబంధనల ప్రకారము నిరర్ధక ఆస్తులు అనగా

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   Answer: A loan whose instalment of principal and interest amount has remained overdue for a period of 90 days.

   సమాధానం: 90 దినాలకు పైబడి గడువు మీరిన ఋణముపై అసలు వాయిదా, వడ్డీ.

   Under RBI's prudential norms (the 90-day rule, in force since 2004), a term loan becomes a non-performing asset when interest and/or an instalment of principal stays overdue for more than 90 days.

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