|Consider the following statements regarding Credit Rating Agency (CRA).|
|1. CRA is a government sponsored company that assigns credit rating for issuers of certain types of debt obligation.|
|2. Credit Rating and Information Services of India Limited (CRISIL) is India's leading rating agency.|
|3. CRA take into account economic as well as political factors in their ratings.|
|Which of the statements given above are correct?|
A) 1 and 2
B) 2 and 3
C) 1 and 3
D) All of these
Correct Answer: B
Solution :[b] A Credit Rating Agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. Some CRAs are government sponsored, while some are independent e.g. CRISIL.
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