Banking General Awareness Financial Awareness Question Bank Practice Questions - Financial Awareness

  • question_answer
    In case where the loan is sanctioned by the bank against the borrower submitting the fake/forged documents and thus, playing fraud on the bank, such a loan is to be treated in the bank's books as a ?........ asset, even when there is recovery in the account as per the repayment schedule approved by the bank at the time of sanctioning the loan.

    A)  standard                      

    B)  sub-standard

    C)  doubtful                       

    D)  loss

    E)  None of these

    Correct Answer: D


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