Credit transfer via ABC – UGC NET Question

ABC is conceived as a national-level digital credit repository. Students earn credits from recognised HEIs, and these are recorded in their ABC account. When they move institutions or re-enter after a break, credits can be transferred and counted towards a qualification. This enables genuine portability and lifelong learning.

Option A:
Storing money is the role of financial institutions, not ABC.

Option B:
This option correctly describes ABC as a credit, not financial, bank.

Option C:
Question-setting for exams is handled by universities and testing agencies, not ABC.

Option D:
Accreditation is done by NAC and related regulators, not by the credit bank.