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    • Question

      Which entity received RBI's 'No Objection Certificate'

      to establish a wholly owned subsidiary in GIFT City, Gujarat?
      A NTPC Correct Answer Incorrect Answer
      B ONGC Correct Answer Incorrect Answer
      C REC Limited Correct Answer Incorrect Answer
      D SAIL Correct Answer Incorrect Answer
      E BHEL Correct Answer Incorrect Answer

      Solution

         REC Limited, a Maharatna CPSE under the Ministry of Power, received a ‘No Objection Certificate’ from the RBI on May 3, 2024, to establish a wholly owned subsidiary in the International Financial Services Centre (IFSC), Gujarat International Finance TecCity (GIFT), Gandhinagar, Gujarat.

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