Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: | Priority Sector, Consumer Protection & Digital Lending

Q120: How frequently are individuals entitled to receive one Free Full Credit Report (FFCR), including a credit score, from Credit Information Companies (CICs)?

A
Once per quarter (January-March, April-June, etc.)
B
Once at any time during a year (January - December)
C
Once every six months (January-June and July-December)
D
Only upon lodging a formal dispute
✅ Correct Answer: B
The correct answer is B. As a measure to enhance financial literacy and transparency, CICs must provide access, upon request, to one free full credit report (FFCR) including the credit score, once at any time during a calendar year (January - December) to individuals whose credit score is available.
Option D is incorrect as it wrongfully conditions the free report on a dispute, while Options A and C propose unapproved frequencies.