Bank Audit Online Seminar flashcard

Front

Which of the following is NOT a classification of NPAs? Standard Asset, Sub-Standard Asset, Doubtful Asset

Back

Marginal Asset

Front

An asset is classified as NPA if interest or principal remains overdue for more than

Back

90 days

Front

Provisioning for sub-standard assets is generally at least

Back

10%

Front

Which of the following documents is not usually verified by a bank auditor? Loan Agreements, KYC Documents, Profit & Loss of Borrower, Board Resolution of another bank

Back

Board Resolution of another bank

Front

Verification of which type of account is most critical during bank audit? Options: Savings Account, Current Account, NPA Accounts, Dormant Accounts

Back

NPA Accounts

Front

Which of the following is not part of Priority Sector Lending?
Agriculture,
MSMEs,
Housing,
Automobile Loans

Back

Automobile Loans

Front

Auditor has to report on cash retention limit under which report? Options: Tax Audit Report, LFAR, Statutory Audit Report, Audit Memo

Back

LFAR

Front

Which of the following is used to assess the creditworthiness of a borrower? TDS Return, CIBIL Report, Form 16, KYC Form

Back

CIBIL Report

Front

As per RBI guidelines, provisioning for a Doubtful Asset secured by realisable security for over 3 years is:

Back

100%

Front

Reversal of income on NPAs is applicable to which of the following? Only Term Loans, Only Cash Credit Accounts, Only Agricultural Loans

Back

All Non-Performing Assets