Statement: Instead of presence of ICRA and CRISIL, investors are demanding separate rating agencies for IT companies to protect their investment.
I. Special skills along with competence are required to do the assessment of the IT companies.
II. With the implementation of this, the investors will feel protected about their investments.
Answer with explanationAnswer: Option D
If the separate rating agencies will be formed then also there is no guarantee upon the investment made by the investors. So, second conclusion is not valid. However, to monitor IT company, new rating agencies will require skills for sure. So conclusion I is valid.