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Assertion: Credit scoring models are based solely on credit history.
Reason: Credit history is the only factor that determines a borrower's creditworthiness.
  • a)
    Both assertion and reason are false.
  • b)
    Assertion is true, but reason is false.
  • c)
    Both assertion and reason are true, but reason is not the correct explanation of the assertion.
  • d)
    Both assertion and reason are true and reason is the correct explanation of the assertion.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Assertion: Credit scoring models are based solely on credit history.Re...
While credit history is an important factor in credit scoring, it is not the only factor that determines a borrower's creditworthiness. Other factors such as income, employment history, and debt-to-income ratio also play a role in determining a borrower's credit score. Therefore, the assertion is true, but the reason is false.
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Assertion: Credit scoring models are based solely on credit history.Reason: Credit history is the only factor that determines a borrowers creditworthiness.a)Both assertion and reason are false.b)Assertion is true, but reason is false.c)Both assertion and reason are true, but reason is not the correct explanation of the assertion.d)Both assertion and reason are true and reason is the correct explanation of the assertion.Correct answer is option 'B'. Can you explain this answer?
Question Description
Assertion: Credit scoring models are based solely on credit history.Reason: Credit history is the only factor that determines a borrowers creditworthiness.a)Both assertion and reason are false.b)Assertion is true, but reason is false.c)Both assertion and reason are true, but reason is not the correct explanation of the assertion.d)Both assertion and reason are true and reason is the correct explanation of the assertion.Correct answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Assertion: Credit scoring models are based solely on credit history.Reason: Credit history is the only factor that determines a borrowers creditworthiness.a)Both assertion and reason are false.b)Assertion is true, but reason is false.c)Both assertion and reason are true, but reason is not the correct explanation of the assertion.d)Both assertion and reason are true and reason is the correct explanation of the assertion.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion: Credit scoring models are based solely on credit history.Reason: Credit history is the only factor that determines a borrowers creditworthiness.a)Both assertion and reason are false.b)Assertion is true, but reason is false.c)Both assertion and reason are true, but reason is not the correct explanation of the assertion.d)Both assertion and reason are true and reason is the correct explanation of the assertion.Correct answer is option 'B'. Can you explain this answer?.
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