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. A

   1 and 2 only

   1 and 2 only. Credit-rating agencies for securities are SEBI-regulated, not RBI.

2. 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.

3. C

   1 and 3 only

   1 and 3 only. Statement 1 fails.

4. 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.