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RBI made a strong case for setting up which registry to improve credit information?

1. National Credit Register
2. Credit Monitoring System
3. Public Credit Registry
4. Loan Information Bureau

Correct answer: Public Credit Registry

Solution

The Reserve Bank of India (RBI) made a strong case for setting up a Public Credit Registry (PCR) — a digital, large-scale database of credit information covering all types of borrowers (individuals, firms, banks). This would improve credit information availability and reduce information asymmetry.

Related IBPS PO General Awareness questions

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