Indian Financial System
Quick practice
Question 1 of 5
Assertion (A): An asset that is unable to generate revenue is tagged as non-performing assets.
Reasoning (R):The interest amount or the installment of a principal amount remains due for a period of more than 90 days computed from the end of a quarter.
A
(A) and (R) is correct and (R) is correct explanation of (A).
B
(A) is incorrect but (R) is correct.
C
(A) is correct but (R) is incorrect.
D
(A) is correct but (R) is not the correct explanation of (A).
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