Module: | Priority Sector, Consumer Protection & Digital Lending
Q106: For which three distinct segments are Credit Information Companies (CICs) required to prepare and provide a Data Quality Index (DQI)?
✅ Correct Answer: C
The correct answer is C. CICs are required to prepare and provide a Data Quality Index (DQI) specifically for the Consumer, Commercial, and Microfinance segments to assess the quality of data submissions by CIs.
These three pillars cover the entirety of standard lending profiles, ensuring banks are held accountable for the accuracy of their retail, corporate, and rural lending portfolios.
These three pillars cover the entirety of standard lending profiles, ensuring banks are held accountable for the accuracy of their retail, corporate, and rural lending portfolios.