Certified Information Privacy Professional – Asia (CIPP/A) — Question 65

Which Indian institution is vested with powers under the Credit Information Companies (Regulation) Act of 2005?

Answer options

• A. The Reserve Bank of India.
• B. The National Housing Bank.
• C. The Oriental Bank of Commerce.
• D. The Securities and Exchange Board of India.

Correct answer: A

Explanation

The Reserve Bank of India is the correct answer as it is the regulatory authority responsible for overseeing credit information companies under the 2005 Act. The other options, while important financial institutions, do not have the same regulatory powers related to credit information as the Reserve Bank of India.