NPA management

Who appoints an insolvency professional to act as the

interim resolution professional for a corporate insolvency

resolution process?

a) The committee of creditors b) The corporate debtor

c) The National company law tribunal (NCLT)

• The committee of creditors

• The corporate debtor

• National company law tribunal

Who regulates Insolvency Professionals?

• Ministry of Corporate Affairs

• National Company Law Tribunal

• Insolvency & Bankruptcy Board in India

• Indian Institute of Corporate affairs

The IBC, 2016 has adopted__________model for corporate

insolvency resolution.

a) Debtor in possession b) Debtor in control

Creditor in control d) NCLT in possession

• Debtor in control

• Creditor in control

• NCLT in possession

• Debtor in possession

From the time of sanction, if the security value is ________ of

the sanctioned amount, on becoming NPA, an account is

treated sub-standard unsecured account

• Upto 10%

• Upto 15%

• Upto 20%

• Upto 25%

After loss of security in a Substandard account, if the

secured balance remains_________it is classified as loss account

• 10% and more

• 25% and more

• 50% and more

• Less than 10%

What is the maximum amount can be claimed for

settlement in Lok Adalat?

a) Rs. 10 Lac b) Rs. 100 Lac

c) Rs. 20 Lac d) Rs. 50 Lac

• 10 lac

• 100 lac

• 20 lac

• 5 lac

Provision should be made for Commercial Real Estate

Standard account.….. of outstanding balance?

• 0.0025%

• 0.004%

• 0.01%

• 0.5%

IRAC norms for KCC limit for animal husbandry activities,

overdue for more than______days?

• 30 days

• 90 days

• 6 months

• 2 crop season

In a personal loan, the due date for payment was Nov 31,

2018 which the borrower did not pay. The provision as at

Mar 31, 2019 is to be made at ______% of the outstanding

amount

• 15% if secured

• 25% if unsecured

• 20% if secured

• A and c both

• A and b both

For doubtful loan, provision, rate is _______ if the account is

doubtful for a period above one year but up to 3 years :

• 40% for the entire balance

• 25% for the entire balance

• 40% for secured portion and 100% for

  unsecured portion in the loan account

• 25% for secured portion and 100% for

  unsecured portion in the loan account