Module: | Priority Sector, Consumer Protection & Digital Lending
Q119: To facilitate understanding and interpretation, credit scores shall be calibrated from ...... by all Credit Information Companies (CICs).
✅ Correct Answer: B
The correct answer is B. To ensure consistency and ease of understanding for retail consumers and lending institutions alike, all Credit Information Companies (CICs) operating in India are strictly required to calibrate their credit scores in the standardized range of 300 to 900.
Options A, C, and D offer arbitrary ranges that would cause market confusion and fragment the unified scoring system mandated by the regulator.
Options A, C, and D offer arbitrary ranges that would cause market confusion and fragment the unified scoring system mandated by the regulator.