What is the weightage given to 'Credit History' in calculating the CIBIL score? Option: 30%, 20%, 40%, 10%

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

30%

20%

40%

10%

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

"50%"

"100%"

"Below 30%"

"Above 70%"

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What does a higher CIBIL score generally indicate?

"Greater financial stability"

"Increased debt burden"

"Higher risk for lenders"

"Lower creditworthiness"

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What is the primary function of the CIBIL Score?

"To track an individual's spending habits and provide personalized financial advice"

"To evaluate an individual's creditworthiness and repayment capacity"

"To assess an individual's investment portfolio"

"To determine an individual's eligibility for government subsidies"

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

"Payment History"

"Credit Exposure"

"Credit Type and Duration"

"Investment Diversification"

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What is the primary reason lenders check borrowers' CIBIL scores?

"To determine their eligibility for rewards programs"

"To verify their employment history"

"To assess their investment portfolio"

"To evaluate their creditworthiness"