IAPP Exam CIPP-A Topic 1 Question 58 Discussion

Actual exam question for IAPP's CIPP-A exam

Question #: 58
Topic #: 1

[All CIPP-A Questions]

Which Indian institution is vested with powers under the Credit Information Companies (Regulation) Act of 2005?

AThe Reserve Bank of India.

BThe National Housing Bank.

CThe Oriental Bank of Commerce.

DThe Securities and Exchange Board of India.

Show Suggested Answer

Suggested Answer: A

by Annabelle at May 29, 2024, 08:14 PM

Limited Time Offer

25%

Off

Get Premium CIPP-A Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Shawna

10 months ago

Ha! The Oriental Bank of Commerce? Really? That's like asking which American institution regulates the Bank of China. Clearly the RBI is the answer.

upvoted 0 times

...

Lucia

10 months ago

Hmm, I'm not too sure about this one. The National Housing Bank also deals with credit-related matters, but I think the RBI is the best fit here.

upvoted 0 times

Blythe

10 months ago

Yes, the RBI is the institution vested with powers under the Credit Information Companies (Regulation) Act of 2005.

upvoted 0 times

...

Dominga

10 months ago

I think you're right, the Reserve Bank of India is the correct answer.

upvoted 0 times

...

Buck

10 months ago

I agree, the Reserve Bank of India is the correct answer. They are the regulatory body for the Credit Information Companies in the country.

upvoted 0 times

Ethan

9 months ago

It's important to have a strong regulatory body in place for financial institutions.

upvoted 0 times

...

Kate

9 months ago

They play a crucial role in regulating credit information companies.

upvoted 0 times

...

Mitsue

10 months ago

Yes, the Reserve Bank of India is the correct answer.

upvoted 0 times

...

Leigha

11 months ago

The Reserve Bank of India is the obvious choice here. It's the central banking institution of India and regulates financial institutions.

upvoted 0 times

Lilli

10 months ago

B) The National Housing Bank.

upvoted 0 times

...

Willard

10 months ago

Yes, the Reserve Bank of India is the correct answer.

upvoted 0 times

...

Louis

10 months ago

A) The Reserve Bank of India.

upvoted 0 times

...

Glory

11 months ago

I agree with Patrick. The RBI is responsible for regulating credit information companies.

upvoted 0 times

...

Patrick

11 months ago

I think the answer is A) The Reserve Bank of India.

upvoted 0 times

...