state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements regarding Non-Performing Assets (NPAs):
1. NPAs are loans or advances where the borrower has failed to make interest or principal payments overdue for 90 days or more.
2. Both personal loans and credit card NPAs have shown a declining trend in recent years due to improved borrower behavior.
3. Both personal loans and credit card outstanding are unsecured in nature and carry high interest rates.
Which of the statements given above is/are correct?
1
1 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3