A
1 and 2 only
B
2 and 3 only
C
1 and 3 only
D
1, 2 and 3
Correct answer: (b) 2 and 3 only
Explanation
- A
1 and 2 only
1 and 2 only. Credit-rating agencies for securities are SEBI-regulated, not RBI.
- B
2 and 3 only
2 and 3 only. ICRA is a listed public limited company; Brickwork is an Indian CRA. RBI is the wrong regulator for this market.
- C
1 and 3 only
1 and 3 only. Statement 1 fails.
- D
1, 2 and 3
All three. SEBI, not RBI, is the CRA regulator under the 1999 regulations.
Summary. Official key is (b) 2 and 3 only. SEBI regulates credit rating agencies. ICRA is a public limited company. Brickwork Ratings is an Indian CRA. RBI regulates banks, not this CRA window.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.