Bank Audit Online Seminar quiz

Which of the following is NOT a classification of NPAs?

• Standard Asset

• Sub-Standard Asset

• Marginal Asset

• Doubtful Asset

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

• 30 days

• 90 days

• 120 days

• 180 days

Provisioning for sub-standard assets is generally at least

• 5%

• 10%

• 15%

• 25%

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

Verification of which type of account is most critical during bank audit?

• Savings Account

• Current Account

• NPA Accounts

• Dormant Accounts

Which of the following is not part of Priority Sector Lending?

• Agriculture

• MSMEs

• Housing

• Automobile Loans

Auditor has to report on cash retention limit under which report?

• Tax Audit Report

• LFAR

• Statutory Audit Report

• Audit Memo

Which of the following is used to assess the creditworthiness of a borrower?

• TDS Return

• CIBIL Report

• Form 16

• KYC Form

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

• 25%

• 40%

• 100%

• 70%

Reversal of income on NPAs is applicable to which of the following?

• Only Term Loans

• Only Cash Credit Accounts

• All Non-Performing Assets

• Only Agricultural Loans