The National Credit Act (NCA) (Grade 12 NSC Matric Business Studies): Quizzes
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Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the main purpose of the National Credit Act (NCA)?
What is the main purpose of the National Credit Act (NCA)?
To regulate consumer credit & lending
Which organisation enforces the NCA rules and monitors the credit industry?
Which organisation enforces the NCA rules and monitors the credit industry?
National Credit Regulator (NCR)
How long does blacklisting typically prevent someone from obtaining credit?
How long does blacklisting typically prevent someone from obtaining credit?
Five years
Which practice violates the NCA's anti-discrimination rules?
Which practice violates the NCA's anti-discrimination rules?
Charging different rates based on gender
What can courts order if credit was granted recklessly?
What can courts order if credit was granted recklessly?
Consumers not to repay the credit
What must businesses do before approving credit applications?
What must businesses do before approving credit applications?
Conduct affordability assessments
What does FICA stand for?
What does FICA stand for?
Financial Intelligence Centre Act
Which right allows consumers struggling with debt to seek help?
Which right allows consumers struggling with debt to seek help?
Apply for debt review & counselling
What happens if a business grants credit recklessly?
What happens if a business grants credit recklessly?
Cannot recover those debts at all
How do NCA rights differ from CPA rights?
How do NCA rights differ from CPA rights?
NCA focuses on credit & debt matters