Civil Services Prep

Prelims 2022 · Economy · Question 63

Consider the following statements: 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3

Answer

2 and 3 only

1. Incorrect. In India, credit rating agencies are primarily regulated by SEBI under the SEBI (Credit Rating Agencies) Regulations, 1999, not by RBI.
2. Correct. ICRA Ltd. (earlier Investment Information and Credit Rating Agency of India) is a public limited company.
3. Correct. Brickwork Ratings is an Indian credit rating agency.
Therefore, statements 2 and 3 only are correct.

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