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What is the role of the Credit Bureau (A) Blacklist borrowers...

This question belongs to Banking Awareness Banking Awareness Miscellaneous
Banking Awareness miscellaneous
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What is the role of the Credit Bureau? (A) Blacklist borrowers with bad credit record. (B) Collects credit information on borrowers and supplies the information back to lenders. (C) Gives credit assessment of borrowers. (D) Dictates credit decisions of financial institutions.

Answer & Solution
Correct Answer: Option B
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