Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

Which of the following companies is not a credit rating agency (CRA)?

A.
Indian Council of Agricultural Research (ICAR)
B.
Credit Analysis and Research (CARE), Ltd.
C.
Moody's Director Services
D.
Investment Information and Credit Rating Agency (ICRA)

Solution:

The correct answer is the Indian Council of Agricultural Research (ICAR). Indian Council of Agricultural Research (ICAR) is not a credit rating agency (CRA). A credit rating agency (CRA) evaluates and assigns credit ratings that rate a debtor's ability to pay back the debt. A few of the major Credit Rating Agencies are Moody's, Fitch, and Standard & Poors. The Indian Council of Agricultural Research (ICAR) is an autonomous organization under the Department of Agricultural Research and Education (DARE), Ministry of Agriculture and Farmers Welfare, Government of India. Formerly known as the Imperial Council of Agricultural Research, it was established on 16 July 1929. The ICAR has its headquarters in New Delhi.

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