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    Question

    Consider the following statements about Credit Rating

    Agencies (CRAs) in India:    1. CRISIL Ltd. is primarily promoted by Standard & Poor's.    2. ICRA Limited is majorly held by Moody's.    3. Brickwork Ratings is predominantly owned by Vivek Kulkarni.    4. CARE Ratings Ltd. is majorly promoted by SIDBI. Which of the above statements is correct?
    A 1 and 3 only Correct Answer Incorrect Answer
    B 2 and 4 only Correct Answer Incorrect Answer
    C 1, 2, and 3 only Correct Answer Incorrect Answer
    D 2, 3, and 4 only Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    CARE Ratings Ltd. is primarily promoted by LIC and PSU Banks, not SIDBI.

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