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?

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 Vallie at Oct 24, 2024, 08:44 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Harley

19 days 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!

upvoted 0 times

...

Ollie

21 days ago

The Reserve Bank of India, of course! They're not called the 'Bank of Banks' for nothing, you know.

upvoted 0 times

...

Jeffrey

22 days 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.

upvoted 0 times

Katheryn

7 days ago

I think the RBI is the correct answer.

upvoted 0 times

...

Anika

25 days 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.

upvoted 0 times

...

Bonita

29 days 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.

upvoted 0 times

Renay

14 days ago

A) The Reserve Bank of India.

upvoted 0 times

...

Lorrine

2 months ago

I agree with Myrtie, the RBI is responsible for regulating credit information companies.

upvoted 0 times

...

Myrtie

2 months ago

I think it's A) The Reserve Bank of India.

upvoted 0 times

...