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Credit Score Quiz: 10 Questions with Answers (India)

Written by the Quizzeela team · Reviewed by Utsav Raj
Last checked · 10 questions · Easy

How well do you know your credit score? These 10 questions cover the score range, what pushes it up or down, and common myths. Tap "Show answer" under each one.

New to this topic? Read the guide firstGood CIBIL Score: Range, How It Works and 9 Ways to Improve It Play as a timed quiz and earn coins

1In India, a credit score usually ranges between:

  1. 300 and 900
  2. 100 and 500
  3. 500 and 1,500
  4. 0 and 100
Show answer
Answer: A. 300 and 900. Indian credit bureaus use a 300 to 900 scale. About 750 or more is usually seen as good.

2Which of these usually lowers your credit score?

  1. Missing EMI payments
  2. Keeping an old card open
  3. Paying EMIs on time
  4. Checking your own score
Show answer
Answer: A. Missing EMI payments. Late or missed payments are one of the biggest negative factors in your credit history.

3True or false: checking your own credit score lowers it.

  1. True
  2. False
Show answer
Answer: B. False. Checking your own score is a soft check and does not change it. Many loan applications in a short time can.

4What does "credit utilisation" mean?

  1. Your monthly salary
  2. How many cards you own
  3. How much of your credit limit you are using
  4. Your bank balance
Show answer
Answer: C. How much of your credit limit you are using. It is your card balance divided by your credit limit. Using a smaller share of your limit is better for your score.

5Many lenders suggest keeping credit card use below about:

  1. 100% of the limit
  2. 90% of the limit
  3. 30% of the limit
  4. 70% of the limit
Show answer
Answer: C. 30% of the limit. Staying under roughly 30% of your limit shows you are not depending too much on credit.

6Applying for many loans in a short time can:

  1. Raise your score
  2. Delete your history
  3. Never matter
  4. Lower your score
Show answer
Answer: D. Lower your score. Each application creates a hard enquiry. Many in a short time can look like credit hunger to lenders.

7Which of these is NOT a credit bureau in India?

  1. Equifax
  2. CRIF High Mark
  3. SEBI
  4. Experian
Show answer
Answer: C. SEBI. SEBI regulates the securities market. TransUnion CIBIL, Experian, Equifax and CRIF High Mark are credit bureaus.

8A credit score of about ___ or more is generally seen as good.

  1. It does not matter
  2. 450
  3. 600
  4. 750
Show answer
Answer: D. 750. Lenders commonly treat about 750 and above as a good score, though each lender sets its own rules.

9Closing your oldest credit card can:

  1. Has no possible effect
  2. Clear all your loans
  3. Always raise your score
  4. Shorten your credit history and raise utilisation
Show answer
Answer: D. Shorten your credit history and raise utilisation. An old card adds to the length of your history and to your total limit. Closing it can lower your score a little.

10Is your salary used directly in your credit score?

  1. Yes, a higher salary means a higher score
  2. No, the score is based on your credit history
Show answer
Answer: B. No, the score is based on your credit history. Credit scores use your repayment history, credit use, enquiries and mix of credit, not your income.
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Sources: RBI and credit bureau public guides (TransUnion CIBIL, Experian, Equifax, CRIF High Mark). For learning only, not financial, tax or insurance advice. Found a mistake? Use "Report a mistake" in the timed quiz.