Question

Q. With reference to the benefits of the Public credit registry in India, which of the following statements is/are correct?

Select the correct answer using the code given below:

• A.
  1 only
• B.
  1 and 2 only
• C.
  2 and 3 only
• D.
  1, 2 and 3

Answer 1

The correct option is D

1, 2 and 3
Explanation:

Statement 1 is correct: It addresses information asymmetry in the context of credit.

Statement 2 is correct: It improves access to credit and strengthens credit culture among consumers.

Statement 3 is correct: Setting up the public credit registry will help India to improve its ranking in the World Bank’s ease of doing business index.