Question
Which of the following Statements is/are True?
I- Gujarat International Financial Tec (GIFT) City is Asia’s only IFSC. II- Establishing an IFSC provides a platform for international financial services to operate from and to specialize in exports of high value-added International Financial Services. III- IFSCs are established under the SEZ Act.Solution
An IFSC looks for to bring those types of financial services and transactions that are currently carried on outside India by overseas financial institutions and overseas branches/ subsidiaries of Indian financial institutions in India. With an IFSC in India, India now competes against global financial hubs like Dubai and Singapore to attract foreign investors who are willing to trade in foreign currencies. Many emerging IFSCs around the world are aspiring to play a global role e.g., Shanghai and Dubai.
We very frequently read about Special Economic Zones (SEZs) in newspapers. These SEZs were established with which of the following objectives?
In recent years RBI came up with some schemes for crafting capital structure for standard but struggling projects. From the following which of the foll...
Which Act primarily governs the incorporation and functioning of companies in India?
Which of the following statements is False regarding Municipality Bonds?
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
Which ratio provides critical information related to long term operation of a firm?
Which of the following does not determine the exchange rate?
What is the main objective of KYC guidelines followed by Banks?
I- It helps prevent banks from using criminal networks.
II- KYC helps the ...
When RBI raises the Cash reserve Ratio rate what action are the banks required to take?
Which of the following statements is TRUE about IMF?
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