Banking · Credit Scoring & Risk Management
Regarding the evolution of credit scoring, consider the following statements: A. Credit scoring initially relied on manual assessment. B. Modern credit scoring uses statistical and machine learning models. C. Credit scoring models/Bureaus were introduced in India in the 2000s (e.g., CIBIL in 2000). D. Credit scores in India are only maintained by banks. Which of the statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and B are correct
- 2A, B, and C are correct✓
- 3B and D are correct
- 4All statements are correct
Correct answer
A, B, and C are correct
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