Final ICICI- Quiz

As per RBI guidelines, an asset is classified as an NPA when the principal or interest payment remains overdue for:

• 30 days

• 60 day

• 90 day

• 120 days

Which of the following is NOT a category of NPA under RBI norms?

• Doubtful Asset

• Standard Asset

• Loss Asset

• Loss expected Asset

What is the first action generally taken by banks when an account becomes overdue (1–30 DPD)?

• Legal notice under SARFAESI

• Soft call center reminders and SMS alerts

• Filing Case

• Seizing collateral immediately

The early-warning trigger signals helps for _______

• Deducting Defaulter

• Loan seeker

• Banks to provide loan

• Final settlement

Which recovery strategy is typically used for 90+ DPD accounts?

• Soft reminders

• Tele-calling escalation

• Legal notices and SARFAESI proceedings

• Automated payment links

Which clause in the insurance policy ensures that claim proceeds are paid directly to the bank in case of asset loss?

• Loss Payee Clause / Bank Clause

• Value Clause

• No Clause

• None of these

What is the role of CERSAI registration in credit administration?

• To track repayment

• Same as CIBIL role

• To avoid multiple financing on the same collateral

• None of theseTo calculate interest on loans

Before disbursement of a term loan, which of the following is NOT mandatory?

• security documents

• Registration of charges

• Advance EMI

• Compliance with sanction terms

What is a “Problem Loan” in commercial lending?

• A loan with zero interest income

• A loan with significant deviation from the repayment schedule, posing risk to asset quality

• A loan disbursed without documentation

• A loan sanctioned at a higher rate

Which of the following is an early warning sign of a problem loan?

• Continuous surplus cash flow

• Regular repayment

• Delayed or missed payments and deteriorating financials

• High credit rating