question_answer

Direction: In the following question a part of the sentence is given in bold. It is then followed by three sentences which try to explain the meaning of the phrase given in bold. Choose the best set of alternatives from the five options given below each question which explains the meaning of the phrase correctly without altering the meaning of the sentence given as question.

Recent signs of consolidation among Indian credit rating agencies, with market leader CRISIL acquiring an 8.9 per cent stake in rival CARE, appear to have prompted SEBI to moot a new set of regulations to improve the governance and regulatory framework for the sector through a discussion paper. But while debate on the subject is welcome, the measures proposed offer an incomplete solution to the problems of conflict of interest, concentration and rating shopping by issuers that besiege this lousiness worldwide.

(I) A situation when the concerns of CRISIL and CARE are incompatible

(II) CARE wants to earn more profit while CRISIL is not ready for it

(III) CARE and CRISIL want to set two different rates of interest.

A)  Only (III)            

B)  Only (II)

C)  Only (I)            

D)  All (I), (II) and (III)

E)  Only (I) and (III)