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

    Question

    The credit information companies (CICs), or credit

    bureaus are regulated by _____________
    A SEBI Correct Answer Incorrect Answer
    B RBI Correct Answer Incorrect Answer
    C IRDAI Correct Answer Incorrect Answer
    D Ministry of Finance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    RBI recently laid down eligibility norms for entities tapping into data from credit information companies (CICs), or credit bureaus. As per the rules, a company must be owned and controlled by resident Indian citizens to become a specified user with a credit bureau.

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