What is the primary function of CIBIL in the Indian financial system?

To provide financial advice to consumers To regulate interest rates offered by banks To collect and maintain credit information of individuals and companies To offer investment opportunities in the stock market

What is the numerical range of a CIBIL TransUnion Score?

0 to 100 100 to 500 300 to 900 500 to 1000

Which of the following is NOT a benefit of having a good CIBIL score?

Higher interest rates on loans Faster loan approvals Increased negotiating power for loan terms Easier access to credit cards

What is the weightage given to 'Credit History' in calculating the CIBIL score?

10% 20% 30% 40%

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

Paying bills and EMIs on time Maintaining a low credit utilization ratio Having a mix of secured and unsecured loans Making multiple loan applications in a short period

According to RBI guidelines, how often are credit bureaus required to provide a free credit score to individuals?

Every month Every six months Once a year Every two years