Advanced LeveltechnologySingle Choice

What's the role of data in modern finance?

Answer Options:

A

Banks should not collect any customer data

B

Credit scoring, risk assessment, personalized products, fraud detection, but privacy concerns

C

Financial data has no importance in modern banking

D

More data always means better financial services

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Question ID

Ready to Test Your Financial Knowledge?

This question is part of our comprehensive financial literacy quizzes designed for Indian teens.