Banking Promotion & Professional Certifications (JAIIB & CAIIB - IIBF)

Banker-Customer Relationship & Operations question bank (Principles & Practices of Banking (PPB))

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Q1.

[JAIIB - Principles & Practices of Banking - Professional Certification #2] Under RBI guidelines, a Non-Performing Asset (NPA) is a loan or advance where interest and/or instalment of principal remains overdue for a period of more than:

(A)

30 days in respect of cash credit

(B)

90 days in respect of a term loan

(C)

180 days in respect of a term loan

(D)

365 days across all retail advances

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Q2.

[CFA Level 1 - Financial Reporting & Analysis - Professional Certification #4] Under IFRS, how are research costs and development costs treated respectively?

(A)

Both research and development costs must be expensed immediately under all circumstances

(B)

Research costs must be expensed as incurred; development costs may be capitalized if feasibility criteria are met

(C)

Research costs are capitalized while development costs are expensed

(D)

Both research and development costs must be capitalized as intangible assets

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