BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Evaluates the credit documents of a company
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Provides financial assistance to industries
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Provides finance for rural areas
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Promotes exports
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Detailed explanation-1: -It facilitates businesses to take up comprehensive and conclusive business and investment decisions. It additionally helps small lenders to take up the right lending calls and allow them to make correct business decisions. The agency performs extensive due diligence and financial analysis.
Detailed explanation-2: -CRISIL, India’s first credit rating agency, is incorporated on the 29th day of the month, promoted by the erstwhile ICICI Ltd along with UTI and other financial institutions.
Detailed explanation-3: -Business credit scores are determined using the following factors: payment history, age of credit history, debt and debt usage, industry risk and company size. Personal credit scores are determined using different factors: payment history, amount of debt, new credit, credit mix and average length of credit history.