Consider the following statements.
a) A loan granted for short duration crops will be treated as Non Performing Assets, if the installment of principal or interest thereon remains overdue for two crop seasons.
b) A loan granted for long duration crops will be treated as Non Performing Assets, if the installment of principal or interest thereon remains overdue for two crop season.
c) Doubtful assets are assets which remained as Non Performing Assets for a exactly one year.
d) All Non Performing Assets are Loss Assets.
1
All are true
2
only a and b are true
3
only a is true
4
only c and d are true
5
None is true