SMERA has been registered under which act?

a. Securities and Exchange Board of India Act, 1992

b. Reserve Bank of India Act, 1934

c. Banking Regulation Act, 1949

d. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

ANSWER: Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999

Explanation:

SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

Its registration with SEBI, as a Credit Rating Agency and accreditation by RBI, in September 2012 as an external credit assessment institution (ECAI) to rate bank loan ratings under Basel II guidelines has paved way for SMERA to rate/grade various instruments such as -

IPO

NCDs

Commercial Papers

Bonds

Security Receipts

Fixed Deposits etc.