Multiple Choice Questions on A non banking asset is ........ for IBPS (PO/SO) Preparation

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Multiple Choice Questions

A non banking asset is ........

Professional Legal Knowledge Banking Regulation Act
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     A non-banking asset is

    .

     An item of office equipment.

    Incorrect Answer

    Any asset acquired from the debtors in satisfaction of claim.

    Correct Answer

     Money at call and short notice.

    Incorrect Answer

    Furniture and fixtures

    Incorrect Answer
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    Explanation:

    Non- Banking Assets, are those Financial Assets acquired by the banks to settle their debts. When a borrower is unable to repay the amount of the loan in cash and in place of that offers an asset to the bank. This is known as a non-banking asset.

    By: SHIKHA PURI
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