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      Question

      NSE IFSC-SGX Connect is an essential milestone in the

      cross-border collaboration between India and ___________ in the area of capital markets. Once operational, it will play a pivotal role in onshoring derivative trading in NIFTY Products to NSE-IFSC, GIFT City.
      A Malaysia Correct Answer Incorrect Answer
      B USA Correct Answer Incorrect Answer
      C Canada Correct Answer Incorrect Answer
      D Singapore Correct Answer Incorrect Answer
      E Thailand Correct Answer Incorrect Answer

      Solution

      NSE IFSC-SGX Connect, inaugurated by the PM on July 29, 2022, is an essential milestone in the cross-border collaboration between India and Singapore in the area of capital markets. The Connect, likely to be fully operational by June 2023, will play a pivotal role in onshoring derivative trading in NIFTY Products from SGX, Singapore, to NSE-IFSC, GIFT City.

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