BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Companies Act, 1956
|
|
|
Credit Information (Companies Regulation Act, 2005)
|
|
|
Information Technology Act, 2000
|
|
|
Banking Regulation Act, 1949
|
Detailed explanation-1: -The Credit Information Companies (Regulation) Act, 2005. Long Title: An Act to provide for regulation of credit information companies and to facilitate efficient distribution of credit and for matters connected therewith or incidental thereto.
Detailed explanation-2: -(2) The Reserve Bank may, on being satisfied that it is necessary so to do, in the public interest or in the interest of credit system, issue directions in particular or in general with respect to audit of the credit information company and submission of the report to the Reserve Bank.
Detailed explanation-3: -The Credit Information Companies (Regulation) Act, 2005 ("CIC Act"), is a legislation enacted by the Government of India to regulate the actions of credit information companies in India ("CIC’s") in India and to facilitate efficient distribution of credit as well as for matters connected to the same.