A
An entity that receives financial data to provide services like loans to customers.
B
An alternative investment class consisting of capital not listed on a public exchange.
C
An entity like a bank, mutual fund, or insurer that holds user financial data.
D
An RBI-regulated NBFC that helps individuals securely access and share information.
Correct answer: (c) An entity like a bank, mutual fund, or insurer that holds user financial data.
Explanation
Option C is correct because a Financial Information Provider is defined as an entity like a bank, mutual fund, or insurer that holds user financial data. Option A describes a Financial Information User, option D describes an Account Aggregator, and option B refers to private equity.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.