Correct Option (b)
Statement 2 is correct. ICRA Limited, formerly Investment Information and Credit Rating Agency of India Limited, is a public limited company. It is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Statement 3 is correct. Brickwork Ratings was an Indian credit rating agency. It was recognized by the Securities and Exchange Board of India (SEBI) and provided credit ratings for various financial instruments and entities in India at the time the question was framed.
Incorrect Options
Statement 1 is incorrect. In India, credit rating agencies (CRAs) are regulated by the Securities and Exchange Board of India (SEBI), not the Reserve Bank of India (RBI). SEBI is responsible for framing regulations and overseeing the functioning of CRAs under the SEBI (Credit Rating Agencies) Regulations, 1999.
Option (a) is incorrect because Statement 1 is false.
Option (c) is incorrect because Statement 1 is false.
Option (d) is incorrect because Statement 1 is false.