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    Question

    As per the guidelines of the Basel Committee for Banking

    Supervision (BCBS), credit losses on stage 1 assets will be categorised as _______ provisions and credit losses on stage 3 assets will be categorised as _________ provisions?
    A Primary & Secondary respectively Correct Answer Incorrect Answer
    B General & Specific respectively Correct Answer Incorrect Answer
    C Primary & Additional respectively Correct Answer Incorrect Answer
    D Primary & Specific respectively Correct Answer Incorrect Answer
    E Standard & Substandard Correct Answer Incorrect Answer

    Solution

    As per the guidelines of the Basel Committee for Banking Supervision (BCBS), credit losses on stage 1 assets will be categorised as general provisions and credit losses on stage 3 assets will be categorised as specific provisions.

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