Which of the following statements is true regarding Five banks of BRICS nations sign pact for credit lines? The agreement was signed ahead of the BRICS (Brazil, Russia, India, China and South Africa) summit in China’s Xiamen city tomorrow in which leaders of the five countries, including Prime Minister Narendra Modi are scheduled to take part.nThe agreement on credit ratings reportedly enables them to share information about internal credit ratings and rating assessment.

• A. Only I
• B. Only II
• C. Both I and II
• D. Neither I nor II