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Question

On whose direction an inspection can, be conducted of any credit information company, credit institution and specified user as per the Credit Information Companies (Regulation) Act, 2005?

A Either the Reserve bank or the Central Government on being directed by the Competent Authorities under the Act Correct Answer Incorrect Answer
B Reserve Bank, at any time, may and on being directed so to do by the Central Government Correct Answer Incorrect Answer
C Central Government, at any time, may and on being directed so to do by the Reserve Bank Correct Answer Incorrect Answer
D Reserve Bank may at its discretion and depending on the circumstances Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Section 12(1) Inspection of credit information company, credit institution and specified user

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