Identify the correct statement with respect to IFSCA

Q: Answer-Identify the correct statement with respect to IFSCA (Banking) Regulations 2020?

Lender of last resort facility is not available to banking units, Cash transaction in foreign currency accounts is not permitted, there is a no centralized deposit insurance scheme available to banking units. So all the statement are incorrect.

(Banking) Regulations 2020?

A Lender of last resort facility will be available to banking units.

B Cash transaction in foreign currency accounts will be permitted.

C There is a centralized deposit insurance scheme available to banking units.

D Both A and B

E None of the above

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Identify the correct statement with respect to IFSCA

Solution