Question

With reference to Indian capital market, consider the following statements:
$1.$ CRISIL was set-up in the Eighth Five Year Plan.
$2.$ CRISIL rates the debt instruments of the public sectors.
Which of the statements given above is/are correct?

• A. Only $1$
• B. Only $2$
• C. Both $1$ and $2$
• D. Neither $1$ nor $2$

Answer 1

The correct option is B Only $2$

CRISIL is India’s first credit rating agency, incorporated in 1987 and was promoted by the erstwhile ICICI Ltd, along with UTI and other financial institutions. It rates debt instruments of public sector institutions. The 8th Five year plan was between 1992-1997.