According to RBI guidelines, how often are credit bureaus required to provide a free credit score to individuals? Option: Every two years, Every month, Once a year, Every six months

<< Back

Hi

Show Ans

i

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

Every two years

Every month

Once a year

Every six months

<< Back

Hi

Show Ans

i

Which organization is widely recognized for its credit scoring system in India, often used synonymously with credit scores?

"Experian"

"CIBIL"

"Equifax"

"CRIF High Mark"

<< Back

Hi

Show Ans

i

What does a CIBIL score reflect?

"An individual's investment strategy"

"An individual's income level"

"An individual's credit repayment history"

"An individual's spending habits"

<< Back

Hi

Show Ans

i

What is the primary function of a CIBIL score?

"To determine an individual's net worth"

"To evaluate an individual's spending habits"

"To track an individual's investment portfolio"

"To assess an individual's creditworthiness"

<< Back

Hi

Show Ans

i

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

To offer investment opportunities in the stock market

To provide financial advice to consumers

To regulate interest rates offered by banks

To collect and maintain credit information of individuals and companies

<< Back

Hi

Show Ans

i

What is the numerical range of a CIBIL TransUnion Score?

0 to 100

300 to 900

500 to 1000

100 to 500