Hello Aspirants,
Welcome to Banking Awareness Quiz in AffairsCloud.com. Here we are creating quiz covering important questions which are common for all the bank exams and other competitive exams.
- Which of the following is India’s first Credit Information Company?
A. CRISIL
B. CIBIL
C. SMERA
D. CERSAI
E. CAREB. CIBIL
Explanation:
TransUnion CIBIL Limited is India’s first Credit Information Company, also commonly referred as a Credit Bureau. It collect and maintain records of individuals’ and non-individuals’ (commercial entities) payments pertaining to loans and credit cards. These records are submitted to credit bureau by banks and other lenders on a monthly basis; using this information a Credit Information Report (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications. - Which of the following provides license to a credit bureau?
A. SEBI
B. SIDBI
C. NABARD
D. RBI
E. GOID. RBI
Explanation:
A Credit Bureau is licensed by the RBI. - How many divisions are there in CIBIL?
A. one
B. Two
C. Three
D. Four
E. None of the AboveB. Two
Explanation:
It has two divisions : Consumer Bureau and Commercial Bureau - A Credit Bureau is governed by _________
A. Securities and Exchange Board of India Act, 1992
B. Reserve Bank of India Act, 1934
C. Banking Regulation Act, 1949
D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
E. Credit Information Companies (Regulation) Act of 2005E. Credit Information Companies (Regulation) Act of 2005
Explanation:
A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005. - Which of the following plays an important role in the loan approval process?
A. Credit Information Report (CIR)
B. CIBIL TransUnion Score
C. Only A
D. Both (A) and (B)
E. None of the AboveD. Both (A) and (B)
Explanation:
The Credit Information Report (CIR) and CIBIL TransUnion Score are very important in the loan approval process. - Which of the following is/are technical partners of CIBIL?
A. TransUnion International
B. Dun and Bradstreet
C. SIDBI & PSBs
D. Both (A) and (B)
E. Both (A) and (C)D. Both (A) and (B)
Explanation:
TransUnion International and Dun and Bradstreet are technical partners of CIBIL. - Which of the following holds 4% stake in CIBIL?
A. Bank of India
B. TransUnion International
C. Aditya Birla Trustee Company Private Ltd
D. ICICI Bank Ltd
E. India Infoline Finance LimitedC. Aditya Birla Trustee Company Private Ltd
Explanation:
Aditya Birla Trustee Company Private Ltd – 4% - Which of the following holds minority stake in CIBIL?
A. Bank of India
B. TransUnion International
C. Aditya Birla Trustee Company Private Ltd
D. ICICI Bank Ltd
E. India Infoline Finance LimitedE. India Infoline Finance Limited
Explanation:
India Infoline Finance Limited – 1% - Which of the following holds majority stake in CIBIL?
A. Bank of India
B. Bank of Baroda
C. United Bank of India
D. TransUnion International
E. ICICI Bank LtdD. TransUnion International
Explanation:
TransUnion International Inc (66.1%)
ICICI Bank Ltd (6)%
Bank of Baroda (5)%
Bank of India (5)%
Union Bank of India (5)%
Indian Overseas Bank (5)%
Aditya Birla Trustee Company Private Ltd. (4)%
India Alternatives Private Equity Fund (2.9%)
India Infoline Finance Limited (1%) - Which of the following is the slogan of CIBIL?
A. Empowering Banks
B. Empowering Women
C. Empowering India
D. Empowering you
E. None of the AboveD. Empowering you
Explanation:
Slogan: Empowering you
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