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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?

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Suggested Answer: A

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

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Shawna
5 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.
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Lucia
5 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.
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Blythe
4 months ago
Yes, the RBI is the institution vested with powers under the Credit Information Companies (Regulation) Act of 2005.
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Dominga
4 months ago
I think you're right, the Reserve Bank of India is the correct answer.
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Buck
5 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.
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Ethan
4 months ago
It's important to have a strong regulatory body in place for financial institutions.
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Kate
4 months ago
They play a crucial role in regulating credit information companies.
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Mitsue
4 months ago
Yes, the Reserve Bank of India is the correct answer.
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Leigha
5 months ago
The Reserve Bank of India is the obvious choice here. It's the central banking institution of India and regulates financial institutions.
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Lilli
4 months ago
B) The National Housing Bank.
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Willard
4 months ago
Yes, the Reserve Bank of India is the correct answer.
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Louis
5 months ago
A) The Reserve Bank of India.
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Glory
5 months ago
I agree with Patrick. The RBI is responsible for regulating credit information companies.
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Patrick
5 months ago
I think the answer is A) The Reserve Bank of India.
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