UPSC Previous Year Question | Prelims GS | 2022

Consider the following statements: 1. In India, credit rating agencies are regulated by the 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

Correct Answer

2 and 3 only

Explanation

Statement 1 is incorrect — credit rating agencies in India are regulated by SEBI, not RBI. Statement 2 is correct — ICRA is a public limited company listed on stock exchanges. Statement 3 is correct — Brickwork Ratings is a SEBI-registered Indian credit rating agency.

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