What is the primary function of the CIBIL Score?

"To assess an individual's investment portfolio" "To determine an individual's eligibility for government subsidies" "To evaluate an individual's creditworthiness and repayment capacity" "To track an individual's spending habits and provide personalized financial advice"

What is the numerical range of the CIBIL Score?

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

Which of the following is NOT a key factor influencing the CIBIL Score?

"Payment History" "Credit Exposure" "Investment Diversification" "Credit Type and Duration"

How does a high CIBIL Score impact loan interest rates?

"Leads to higher interest rates due to increased risk" "Has no significant impact on interest rates" "Results in lower interest rates due to perceived creditworthiness" "Makes it impossible to obtain loans from financial institutions"

What benefit does a high CIBIL Score offer in terms of loan approval?

"Guarantees immediate loan approval regardless of other factors" "Increases the complexity of the loan application process" "Leads to faster processing and disbursement of loans" "Has no impact on the loan approval timeline"