New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    What is the primary function of Credit Information

    Companies (CICs)?
    A To provide loans to individuals and businesses Correct Answer Incorrect Answer
    B To collect and compile credit information into reports Correct Answer Incorrect Answer
    C To regulate the banking sector Correct Answer Incorrect Answer
    D To issue credit cards Correct Answer Incorrect Answer
    E To set interest rates for loans Correct Answer Incorrect Answer

    Solution

    CICs primarily collect and compile credit information into reports.

    Practice Next