gs1medium

Consider the following statements:

  1. 1.In India, credit rating agencies are regulated by the Reserve Bank of India.
  2. 2.The rating agency popularly known as ICRA is a public limited company.
  3. 3.Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?
  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1 and 3 only
  4. D.1, 2 and 3
▶ Answer & Explanation

Correct answer: B. 2 and 3 only

Credit rating agencies in India are regulated by SEBI, not RBI. ICRA (Investment Information and Credit Rating Agency of India Limited) is a public limited company. Brickwork Ratings is indeed an Indian credit rating agency.

Source: UPSC gs1 2022

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