New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A credit bureau is governed under which Act?

    A Banking Regulation Act 1949 Correct Answer Incorrect Answer
    B Reserve Bank of India Act 1934 Correct Answer Incorrect Answer
    C Credit Information Companies Regulation Act (CIC Act), 2005 Correct Answer Incorrect Answer
    D Securities and Exchange Board of India Act, 1992 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Credit Information Companies (Regulation) Act, 2005 ("CIC Act"), is a legislation enacted by the Government of India to regulate the actions of credit information companies in India ("CIC's") in India and to facilitate efficient distribution of credit as well as for matters connected to the same.

    Practice Next

    Relevant for Exams: