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IAPP Exam CIPP-A Topic 2 Question 71 Discussion

Actual exam question for IAPP's CIPP-A exam
Question #: 71
Topic #: 2
[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 Vallie at Oct 24, 2024, 08:44 AM

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Harley
3 months ago
I'm surprised the National Housing Bank isn't the right answer. I mean, they're in the name, so they must be involved, right? Oh well, the RBI it is!
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Ollie
3 months ago
The Reserve Bank of India, of course! They're not called the 'Bank of Banks' for nothing, you know.
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Jeffrey
3 months ago
Hmm, I was tempted to go with the Oriental Bank of Commerce, just because it has 'bank' in the name. But yeah, the RBI is the right answer. They're the big boss of the financial world in India.
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Phuong
2 months ago
Definitely, the RBI holds the most authority in the financial sector.
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Lajuana
2 months ago
I almost went with Oriental Bank of Commerce too, but RBI is the one with the power.
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Izetta
2 months ago
Yeah, the RBI is the main authority when it comes to financial matters.
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Katheryn
3 months ago
I think the RBI is the correct answer.
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Anika
3 months ago
I was torn between A and D, but I think A is the correct answer. The RBI is the central banking institution, so they'd be the ones with regulatory powers in this case.
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Bonita
3 months ago
The Reserve Bank of India is the obvious choice here. They're the main financial regulator, so it makes sense they'd have powers under the Credit Information Companies Act.
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Pansy
2 months ago
No, it's actually the Reserve Bank of India.
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Sylvie
2 months ago
D) The Securities and Exchange Board of India.
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Tiffiny
2 months ago
That's not correct, the Reserve Bank of India is the institution vested with powers under the Credit Information Companies Act.
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Peggie
2 months ago
B) The National Housing Bank.
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Fannie
3 months ago
Yes, the Reserve Bank of India is the correct answer.
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Renay
3 months ago
A) The Reserve Bank of India.
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Lorrine
4 months ago
I agree with Myrtie, the RBI is responsible for regulating credit information companies.
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Myrtie
4 months ago
I think it's A) The Reserve Bank of India.
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