Economics · RBI IRAC Norms
Under the RBI's IRAC Norms, when are commercial banks permitted to recognize income from a Non-Performing Asset (NPA)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1When the account is overdue for less than 60 days.
- 2Only on a cash basis when the income is actually realized.✓
- 3When the credit facility is successfully restructured.
- 4On an accrual basis when the invoice is raised.
Correct answer
Only on a cash basis when the income is actually realized.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice RBI IRAC Norms MCQs →Want more practice questions on RBI IRAC Norms?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · RBI IRAC Norms