ANSWER THE QUESTIONS BELOW AND GIVE EXPLANATION WHY IT IS CORRECT.

1. People using offshore centers to open bank accounts mainly because......

a. less rules and regulations

b. secrecy of owners

c. of exchange control

d. to do money laundering

2. Standard assets are those assets which have remained non-performing assets for a period of .................................

a. 12 months or less than 12 months

b. 1 month or less than 1 month

c. 3 months or less than 3 months

d. 6 months or less than 6 months

3. Sub-standard assets are those assets which have remained non-performing assets for a period of .................................

a. 12 months or more

b. 18 months or less

c. 12 months or less

d. 18 months or more

4. Non-performing assets are described as..................

a. Sub-standard assets

b Doubtful assets

c. Standard assets

d. Loss assets

5. Does Loan Meet Written Loan Policy and How Would Loan Be Affected By Changing Laws and Regulations refers to ...................... of the 6Cs of lending policy

a. Control

b. Character

c. Conditions

d. Collateral