Consider the following statements: 1. In India, credit rating agencies are regulated by Reserve Bank of India. 2. The rating agency popularly known as ICRA is a public limited company. 3. Brickwork Ratings is an Indian credit rating agency. Which of the statements given above are correct?

Explicitly states that SEBI is responsible for regulation of CRAs in India (identifies the regulator for credit rating agencies).

A student could use this to infer CRAs fall under securities-market regulation (SEBI) rather than central-bank supervision and then check SEBI rules or the list of entities it regulates.

Says Credit Information Companies (CICs) are regulated and licensed by RBI under a specific Act, showing RBI's regulatory role over some credit-related agencies.

A student can contrast the statutory regulator for CICs (RBI) with the regulator named for CRAs (SEBI) to distinguish the two types of credit-related entities.

Lists major Acts administered by RBI and includes the Credit Information Companies (Regulation) Act, 2005 — indicating which credit-related entities fall under RBI's legal remit.

A student could use the list of Acts to map which institutions RBI oversees and then check whether CRAs appear under any RBI-administered Act (they do not here).

Describes categories RBI regulates (Financial Institutions, NBFCs, Primary Dealers, CICs) showing RBI's scope and implying other financial regulators may cover remaining entities.

A student could note RBI's stated scope and, using that scope plus the regulator named for CRAs (snippet 9), deduce CRAs likely fall outside RBI's regulatory domain.

Explains that certain financial activities (payment systems) require RBI authorisation under a specific Act, illustrating the pattern that India assigns regulation of specific financial functions to appropriate statutes/authorities.

A student could apply this pattern: identify the statute that covers CRAs or the regulator mentioned for them (SEBI) to conclude which authority oversees that function.

Lists major credit rating agencies in India and shows differing name-forms (e.g., 'CRISIL Ltd' vs 'India Ratings & Research Pvt Ltd' and also lists 'ICRA'), implying companies in this sector use formal company suffixes that signal corporate form.

A student could use the pattern of company name suffixes ('Ltd' vs 'Pvt Ltd') and check official corporate registry (MCA) or ICRA's legal name to see whether ICRA uses 'Ltd' (often public) or 'Pvt Ltd' (private).

States that SEBI is responsible for regulation of CRAs in India, showing CRAs are regulated corporate entities under Indian law.

Knowing CRAs are regulated by SEBI, a student could consult SEBI registrations/listings or SEBI publications that typically record the legal form (public/private) of registered CRAs like ICRA.

Uses ICRA among named rating agencies used as credit-rating benchmarks for regulatory rules, treating ICRA like other accredited rating agencies.

Because regulators reference specific agencies by name for compliance, one could check regulatory documents (RBI/SEBI) that often identify the agency's corporate form or require public company disclosures, helping infer ICRA's incorporation status.

Provides a concrete example (IFCI) of a financial institution becoming a 'Public Limited Company' by registration under the Companies Act, illustrating the legal pathway for entities in finance to acquire public limited status.

A student could apply this rule (Companies Act registration confers 'Public Limited Company' status) and check ICRA's registration details on the Ministry of Corporate Affairs (MCA) to confirm if ICRA was registered similarly as a public limited company.

Defines what a 'Listed Public company' is and notes how private companies can become public by IPO, clarifying distinctions between private and public corporate forms.

Using this definition, a student could check whether ICRA's securities are listed (indicating a listed public company) or whether it ever conducted an IPO—helping judge if it is public limited.