With respect to the ICRA (Investment Infrastructure and Credit Rating Agency of India Limited), consider the following statements.
1. It is owned by Moody’s Corporation.
2. It has revised India’s gross domestic product (GDP) growth projection in FY22 from 9 percent (June 2021) to 10 Percent.
Choose the correct statement/s.
A. 1 Only
B. 2 Only
C. Both A & B
D. None
Answer: 1 Only
Explanation:
The ICRA (Investment Infrastructure and Credit Rating Agency of India Limited) has revised India’s gross domestic product (GDP) growth projection in FY22 from 8.5 percent (June 2021) to 9 Percent.
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency. It was established in 1991, and was originally named Investment Information and Credit Rating Agency of India Limited (IICRA India).
It was a joint-venture between Moody’s and various Indian commercial banks and financial services companies. The company changed its name to ICRA Limited, and went public on 13 April 2007, with a listing on the Bombay Stock Exchange and the National Stock Exchange.
UPSC Daily Current Affairs Quiz Test 28 September 2021 Click Here