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.
Which entity experienced a significant increase in steel imports from India in the first quarter of FY25?
With reference to the Supervisory Data Quality Index (sDQI) released by the RBI, consider the following statements:
1. The sDQI of Scheduled Comm...
How many Scheduled Tribe families does the PM Janjatiya Unnat Gram Abhiyaan aim to benefit? Â
Which company topped the list of the most valuable unlisted companies in the 2023 Burgundy Private Hurun India 500 report?
Which country was NOT a major source of FDI to India in Q1 of FY 2024-25?
What was the Worker Population Ratio (WPR) for ages 15+ in 2023-24?
Who were awarded the Player of the Year in men's and women's categories at the sixth Hockey India Annual Awards?
As of July 2024, which organization has collaborated with the World Intellectual Property Organization (WIPO) to foster innovation, entrepreneurship, an...
How many previously unknown moons were discovered around Uranus and Neptune collectively?
By how many times is the space economy expected to expand with the venture capital fund announced in the Union Budget 2024-2025? Â
Relevant for Exams:
