Question
What is the role of the Credit Information Companies
(CICs) in India?Solution
The Credit Information Companies (CICs) in India are responsible for collecting credit information about individuals and businesses and maintaining a credit score database. This information is used by banks and other financial institutions to assess the creditworthiness of borrowers before extending loans or credit. Therefore, option B is correct.
Which of the following Financial Institutions in India is/are regulated by the Reserve Bank of India?
       I.           Sma...
The provisions relating to "Lay-off, Retrenchment, Closure" are originally defined under which Act?
Which of the following statements is/are correct in regards to Mission Karmayogi?
1.It is related to civil services training
2.It is an In...
What does the term "ideology" refer to in Dunlop's System Theory?Â
What is the purpose of the memorandum of understanding ( MoU ) signed between India and the United States in relation to the semiconductor industry?
The price of an article is increased by 20%. Further, there is a tax of 5% on the increment. If the article costs ₹ 1,331 to the customer, then what ...
At simple interest, a certain sum of money amounts to ₹1,250 in 2 years and to ₹2,000 in 5 years. Find the rate of interest per annum (rounded off t...
Stockholm Syndrome is a mental condition experienced by
Which one of the following statements about the situation in the Ryotwari areas is correct?
What does the term "out of order" typically refer to in the context of loans?Â
