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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?

UPSC · 2022 · Economy
Question:
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?

Options

1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
Answer: 2 and 3 only

Explanation:
Credit Rating Agencies in India are regulated by SEBI, not RBI. ICRA is a public limited company, and Brickwork Ratings is an Indian agency.

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