What is the primary function of a CIBIL score?

"To assess an individual's creditworthiness" "To determine an individual's net worth" "To track an individual's investment portfolio" "To evaluate an individual's spending habits"

What is the range of a CIBIL score?

"100-500" "300-900" "500-1000" "0-100"

What does a higher CIBIL score generally indicate?

"Higher risk for lenders" "Lower creditworthiness" "Greater financial stability" "Increased debt burden"

Which of the following actions can negatively impact a CIBIL score?

"Paying bills on time" "Maintaining a low credit utilization ratio" "Holding a long-term credit card account" "Defaulting on loan payments"

What is the recommended credit utilization ratio to maintain a good CIBIL score?

"Above 70%" "Below 30%" "50%" "100%"

How can an individual with a low CIBIL score potentially improve their score?

"By applying for multiple new loans" "By ignoring outstanding debts" "By obtaining a secured credit card and managing it responsibly" "By closing all existing credit card accounts"