ibps-so 2018 · Question 114 of 356

According to the passage, what was the consequence of writing ratings into the rule-books of supervisors?

1. AThe agencies were obliged to publish the reasoning behind every grade they awarded
2. BThe fees charged by the agencies fell sharply once their opinions acquired legal standing
3. CThe grade ceased to be an opinion that might be weighed and became a licence that had to be obtained, so that a discredited opinion no longer lost its audienceCorrect
4. DFunds were permitted for the rst time to hold securities that had never been graded
5. ESupervisors assumed direct responsibility for grading the securities themselves