Looking for the answer to the question below related to Financial Management ?
CRISIL was established in
Options:
| A. 1987 B. 1991 C. 1994 D. None of these |
The Correct Answer Is:
- A. 1987
CRISIL, which stands for Credit Rating Information Services of India Limited, was indeed established in 1987. The correct option is A. Let’s delve into the reasons why the other options are not correct.
B. 1991: This option is incorrect because CRISIL was established four years prior to 1991. It would contradict the fact that CRISIL has been functioning as a credit rating agency for a longer period.
C. 1994: Similarly, this option is also incorrect as CRISIL was established seven years before 1994. It would not align with the historical timeline of CRISIL’s establishment.
D. None of these: This option is incorrect because CRISIL was indeed established in a specific year, which is 1987. Selecting “None of these” would negate the fact that CRISIL has a well-defined founding year.
In conclusion, CRISIL was established in 1987. The credit rating agency has been operating for over three decades, providing valuable information and insights for investors, institutions, and other stakeholders in the Indian financial market.
