Module: | Priority Sector, Consumer Protection & Digital Lending
Q107: Which of the following statements regarding the Data Quality Index (DQI) are correct?
1. CICs must provide DQI scores to member CIs on an annual basis.
2. CIs are advised to undertake a half-yearly review of the DQI for all segments.
3. The DQI score for the Consumer segment is computed as a weighted average of file level DQI scores.
4. A report on DQI issues identified and corrective steps taken must be placed before the CI's top management for review.
Which of the statements given above is/are correct?
2. CIs are advised to undertake a half-yearly review of the DQI for all segments.
3. The DQI score for the Consumer segment is computed as a weighted average of file level DQI scores.
4. A report on DQI issues identified and corrective steps taken must be placed before the CI's top management for review.
Which of the statements given above is/are correct?
✅ Correct Answer: B
The correct answer is B. CICs provide DQI scores on a strict monthly basis to ensure real-time tracking, making statement 1 (annual) incorrect.
The Consumer segment DQI is computed as a simple average of demographic and trade data scores, not a weighted average, making statement 3 incorrect.
However, CIs are indeed advised to conduct a comprehensive half-yearly DQI review internally, and a formal report of this review must be placed before its top management, making statements 2 and 4 correct.
The Consumer segment DQI is computed as a simple average of demographic and trade data scores, not a weighted average, making statement 3 incorrect.
However, CIs are indeed advised to conduct a comprehensive half-yearly DQI review internally, and a formal report of this review must be placed before its top management, making statements 2 and 4 correct.