Question
Banking and Financial Awareness Question on Basic Banking Concepts
Credit rating is only a / an:
A
advice
B
opinion
C
recommendation
D
suggestion
Answer
opinion
Explanation
Solution
The correct answer is option (B) : opinion
Credit rating is only an opinion.
- An "opinion" is a view or judgment formed about something, based on information and knowledge.
- A "recommendation" is a suggestion or advice about what is best to do.
- A "suggestion" is an idea or proposal offered for consideration or action.
- "Advice" is guidance or recommendations given to someone about what they should do.
A credit rating is an opinion provided by a credit rating agency about the creditworthiness of an individual. It represents the agency's evaluation of the credit risk associated with the entity. Therefore, the correct answer is "a. Opinion."