{"id":91951,"date":"2025-06-01T11:10:00","date_gmt":"2025-06-01T11:10:00","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91951"},"modified":"2025-06-01T11:10:00","modified_gmt":"2025-06-01T11:10:00","slug":"consider-the-following-statements-in-india-credit-rating-agencies","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/","title":{"rendered":"Consider the following statements :\n  In India, credit rating agencies"},"content":{"rendered":"<p>Consider the following statements :<\/p>\n<ul>\n<li>In India, credit rating agencies are regulated by Reserve Bank of India.<\/li>\n<li>The rating agency popularly known as ICRA is a public limited company.<\/li>\n<li>Brickwork Ratings is an Indian credit rating agency.<\/li>\n<\/ul>\n<p>Which of the statements given above are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 3 only&#8221; option3=&#8221;1 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option2&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2022<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2022.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2022\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India&#8217;s role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nCredit Rating Agencies in India operate under the regulatory purview of SEBI.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nBesides ICRA and Brickwork Ratings, other prominent SEBI-registered credit rating agencies in India include CRISIL, CARE Ratings, India Ratings and Research (Ind-Ra), and SMERA Ratings (now Acuit\u00e9 Ratings &#038; Research).<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements : In India, credit rating agencies are regulated by Reserve Bank of India. The rating agency popularly known as ICRA is a public limited company. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct ? [amp_mcq option1=&#8221;1 and 2 only&#8221; option2=&#8221;2 and 3 only&#8221; &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements :\n  In India, credit rating agencies\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/#more-91951\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements :<br \/>\n  In India, credit rating agencies<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1108,1120,1190],"class_list":["post-91951","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1108","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements :  In India, credit rating agencies<\/title>\n<meta name=\"description\" content=\"Statement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India&#039;s role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI. Credit Rating Agencies in India operate under the regulatory purview of SEBI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements :  In India, credit rating agencies\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India&#039;s role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI. Credit Rating Agencies in India operate under the regulatory purview of SEBI.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:10:00+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Consider the following statements :  In India, credit rating agencies","description":"Statement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India's role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI. Credit Rating Agencies in India operate under the regulatory purview of SEBI.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements :  In India, credit rating agencies","og_description":"Statement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India's role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI. Credit Rating Agencies in India operate under the regulatory purview of SEBI.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:10:00+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/","name":"Consider the following statements : In India, credit rating agencies","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:10:00+00:00","dateModified":"2025-06-01T11:10:00+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is incorrect: In India, credit rating agencies are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Credit Rating Agencies) Regulations, 1999. The Reserve Bank of India's role is primarily in prescribing how banks should use these ratings for capital adequacy purposes. Statement 2 is correct: ICRA Limited is indeed a public limited company, listed on Indian stock exchanges. Statement 3 is correct: Brickwork Ratings India Pvt. Ltd. is an Indian credit rating agency, registered with SEBI. Credit Rating Agencies in India operate under the regulatory purview of SEBI.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-in-india-credit-rating-agencies\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements : In India, credit rating agencies"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91951"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91951\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}