Which of the following statements is/are not true regarding Credit Rating Agencies (CRA) in India? I. The Securities and Exchange Board of India (CRA) Regulations, 1999 empower SEBI to regulate CRAs operating in India. II. All the credit agencies need to be registered with SEBI in order to operate in India. III. There are several Indian Credit Rating Agencies, viz. CRISIL, ICRA, CARE, India Ratings and Research, SMERA, Infomerics and Brickworks, Moody, Fitch. IV. CRAS help strengthening of primary market by increasing borrower pool.

Option A: I, II, III, IV

Option B: III, IV

Option C: I, III

Option D: II, IV

Correct Answer

Option: b

Explanation

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