Multiple choice technology packaged enterprise solutions

What is FDR used for?

  1. For getting the loan,deposit related details for an applicant

  2. For getting the credit report details for an applicant

  3. For retrieving and updating the credit card related details for an applicant

  4. All the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

FDR is used specifically for retrieving and updating credit card related details for an applicant, not for general loan/deposit information or credit reports. Options A and B describe different systems (loan/deposit systems and credit bureaus respectively), while D incorrectly suggests FDR handles all three functions.

Keep practicing — related questions