New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    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 regulate the banking sector Correct Answer Incorrect Answer
    C To collect and compile credit information into reports 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.

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