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      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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