Which among the following is incorrect regarding NPA (Non Performing Assets)?

[A] They are loans given by a bank of financial institution where the borrower defaults or delays interest or principle amount
[B] Banks are not allowed to book any income from NPAs
[C] A loan repayment which is delayed beyond 1 year has to be identified as NPA
[D] None of the above

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.