Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  Which of the following is not the type of credit reporting institutions?

a. Credit Bureau
b. Credit Agencies
c. Both a and b
d. None of the above


ANSWER: See Answer
 
There are two types of Credit Reporting Institutions. These are Credit Bureau and Credit Registry. Credit Registries tend to be public entities. They are usually managed by central banks or bank supervision agencies. In contrast, Credit Bureaus tend to be privately owned and privately operated companies.
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