Public Credit Registry MCQ for RBI Grade B

Dear aspirants,
We are presenting you the Public Credit Registry MCQ for RBI Grade B Finance Section of the exam. These questions will cover the topics such as Public Credit Registry (PCR), Credit Information Companies (CIC), CRILC etc which are very important from exam point of view. Also do read the answers provided at the end of quiz.

Q1. Recently a high level Task Force constituted by RBI released a report on PCR. What is the full form of PCR?

1. Public Control Register
2. Privacy Control Regulations
3. Public Credit Registry
4. Prompt Corrective Regulations

Q2. Who led the High Level Task Force on PCR constituted by RBI?

1. M. Deosthalee
2. Sekar Karnam
3. Vishaka Mulaye
4. Bidisha Ganguly

Q3. How many members were there in High Level Task Force on PCR constituted by RBI?

1. 5
2. 7
3. 8
4. 10

Q4. Above what amount of aggregate exposure banks have to furnish credit information to Central Repository of Information on Large Credits (CRILC)?

1. Rs 2 crore
2. Rs 5 crore
3. Rs 10 crore
4. Rs 25 crore

Q5. How many Credit Information Companies (CIC) are there in India?

1. 1
2. 2
3. 3
4. 4

Q6. World Bank’s ‘ease of doing business’ ranking countries on how many topics?

1. 5
2. 10
3. 15
4. 20

Q7. Who licenses the Credit Information Companies (CICs) in India?

1. Reserve Bank of India
2. NABARD
3. SEBI
4. Ministry of Finance

Q8. Under which act Credit Information Companies (CICs) are regulated?

1. Reserve Bank of India Act, 1934
2. Banking Regulations Act, 1949
3. Credit Information Companies (Regulation) Act (CICRA), 2005
4. Credit Information Companies (Regulation) Act (CICRA), 2008

Q9. In which year does CIBIL Limited founded?

1. 2000
2. 2004
3. 2005
4. 2008

Q10. Which among the following was the first Credit Information Company (CIC) in India?

1. Equifax Credit Information Services Private Limited
2. Experian Credit Information Company of India Private Limited
3. CRIF High Mark
4. Credit Information Bureau Limited (CIBIL)

Q11. When Central Repository of Information on Large Credits (CRILC) was set up?

1. 2012
2. 2014
3. 2016
4. 2018

Q12. Central Repository of Information on Large Credits (CRILC) was set up by _______?

1. Reserve Bank of India
2. SIDBI
3. SEBI
4. NABARD

Q13. When Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) set up?

1. 2017
2. 2015
3. 2013
4. 2011

Q14. Which is the first Information Utility (IU) registered with the Insolvency and Bankruptcy Board of India (IBBI)?

1. Central Depository Services (India) Limited
2. National Securities Depository Limited
3. National E-Governance Services Limited (NeSL)
4. None of these

Q15. Across the world, generally how many types of credit reporting institution are there?

1. 1
2. 2
3. 3
4. 4

Q16. In which country first PCR was established?

1. Germany
2. France
3. Italy
4. Spain

Q17. Who initiated the project called AnaCredit (Analytical Credit Datasets)?

1. Federal Reserve
2. Royal Bank of Scotland
3. The European Central Bank
4. World Bank

Answers

1. 3
   The report of the High Level Task Force on Public Credit Registry was submitted to RBI on April 4^th, 2018
2. 1
   RBI has constituted a ‘High Level Task Force on Public Credit Registry (PCR) for India’ led by YM Deosthalee, ex-CMD, L&T Finance Holdings
3. 4
   RBI has constituted a 10-member ‘High Level Task Force on Public Credit Registry (PCR) for India’ led by YM Deosthalee, ex-CMD, L&T Finance Holdings
4. 2
   The banks have to furnish credit information to CRILC on all their borrowers having aggregate fund-based and non-fund based exposure of Rs.5 crores and above.
5. 4
6. 2
   The World Bank ranks economies on their ‘ease of doing business’, where the rankings are determined by sorting the aggregate distance to frontier scores on ten topics, each consisting of several indicators, giving equal weight to each topics.
7. 1
   Credit Information Companies (CICs) are licensed by RBI.
8. 3
   Credit Information Companies (CICs) are regulated by RBI under the Credit Information Companies (Regulation) Act (CICRA), 2005.
9. 1
   CIBIL Limited (formerly Credit Information Bureau (India) Ltd. (CIBIL)) was incorporated in 2000.
10. 4
    The Credit Information Bureau Limited or CIBIL was founded in the year 2000. It was the first CIC in India.
11. 2
12. 1
    Central Repository of Information on Large Credits (CRILC) was set up by Reserve Bank in 2014-15 for ease in offsite supervision.
13. 4
    The Central Registry of Securitisation Asset Reconstruction and Security Interest (CERSAI) was set up by the Govt. of India on 31st March 2011 under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, to make available the data of all equitable mortgages in the country at one place, so that the frauds due to multiple financing against the same property may be prevented.
14. 3
    National E-Governance Services Limited (NeSL) is India’s first IU and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC).
15. 2
    Public Credit Registry (PCR) and Private Credit Bureau (PCB) are the two main types of credit reporting institutions across the world. In
16. 1
    The first PCR was established in Germany in 1934
17. 3
    The European Central Bank (ECB) has initiated a project called AnaCredit

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