Civil Services APPSC Group I Services Prelims Mock Test Series 2025 Current Affairs Business and Economy
Consider the following statements regarding Non-Performing Assets (NPA):
1. If the principal or interest on a loan is not paid for more than 90 days from its due date, the loan account is classified as an NPA.
2. For farm loans, NPA classification is counted based on the number of cropping seasons.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2