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    Question

    What is the purpose of a "CIBIL score" in the context of

    banking in India?
    A Measure of inflation Correct Answer Incorrect Answer
    B Creditworthiness assessment of individuals Correct Answer Incorrect Answer
    C Foreign exchange rate index Correct Answer Incorrect Answer
    D Stock market volatility indicator Correct Answer Incorrect Answer

    Solution

    The Credit Information Bureau (India) Limited (CIBIL) score is a numerical representation of an individual's creditworthiness based on their credit history. Lenders use this score to evaluate the risk of lending money or extending credit to an individual.

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