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    5. Identify the first credit rating agency established in India.

    Question

    Identify the first credit rating agency established in

    India.
    A ICRA Correct Answer Incorrect Answer
    B CARE Correct Answer Incorrect Answer
    C CRISIL Correct Answer Incorrect Answer
    D ONICRA Correct Answer Incorrect Answer

    Solution

    CRISIL, set up in 1988, was India's first credit rating agency, founded to provide ratings, research, and policy advisory services. This agency played a pivotal role in developing the financial markets by introducing transparency and reliability in credit ratings.

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