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Credit Score Fundamentals Quiz

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Credit Score Fundamentals: a General level Bank Exam Prep quiz. Test your knowledge with 11 questions!

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Questions

Question 1

What is the primary purpose of a credit score?

A To calculate tax returns

B To determine salary

C To track your savings

D To measure creditworthiness

Question 2

Which action can lower your credit score?

A Opening a debit account

B Having a high savings balance

C Paying bills on time

D Missing loan payments

Question 3

What does 'credit utilization' refer to?

A Total number of bank accounts

B Amount of cash in a wallet

C Interest rate on savings

D Percentage of credit limit used

Question 4

Who tracks credit information?

A Local schools

B Credit bureaus

C Grocery stores

D Public libraries

Question 5

What is a hard inquiry?

A An insurance claim

B Checking your own score

C A credit check by a lender

D A bank error

📋 This quiz has 11 questions in total.