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

Q123: One of the sub-fields in the enquiry module of Credit Information Companies (CICs) must be invariably designated as 'Business Loan Director Search ......'.

A
soft enquiry - score unaffected
B
hard enquiry - score affected
C
internal review - no record
D
preliminary check - consent pending
✅ Correct Answer: A
The correct answer is A. The enquiry module of CICs must have a specific sub-field invariably designated as 'Business Loan Director Search soft enquiry - score unaffected'. This critical regulatory design protects the personal credit scores of corporate directors from being unfairly penalized or degraded by "hard enquiries" when their company applies for commercial or business loans, distinguishing corporate borrowing checks from personal borrowing applications.