CRISIL was the first credit rating agency in India, formed in the year1988. In 2005, it became a subsidiary of American company S&P Global. The highest credit risk rating awarded to any company is ‘AAA’ and the lowest is ‘D’.

The correct answer is the Reserve Bank of India (RBI). The RBI regulates foreign exchange under the Foreign Exchange Management Act (FEMA) of 1999. It oversees transactions involving foreign currency convertible bonds (FCCBs) to ensure compliance with foreign exchange laws. The RBI’s role includes monitoring and taking action against violations related to foreign investments and currency regulations.

Election commission, SC, UPSC, CAG all are Constitutional Bodies.

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Bangkok Declaration, 1997