GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CARE
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CIBIL
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CRISIL
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CAMELS
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Detailed explanation-1: -Banks, typically, review credit scores of individuals to ascertain their capacity to repay loans. If you have a good credit score, there is greater likelihood of your loan getting approved by the bank. CIBIL, typically, gives a 3-digit score. Customers can get credit scores ranging from 300 to 900.
Detailed explanation-2: -The CIBIL Score is a 3-digit number ranging from 300-900.
Detailed explanation-3: -It generally takes a few months to improve your CIBIL score. To move the digits closer to 900, make sure to pay your bills on time and in full, keep credit utilization low, maintain the right mix of secured and unsecured loans and avoid making too many credit inquiries in a short span of time.
Detailed explanation-4: -A credit score is a 3-digit number that reflects the likelihood that a consumer will repay their debts. Credit scores typically range from 300-850. Lenders use credit scores to determine the risk involved in making a loan, the terms of the loan, and the interest rate.