Question
What is the International Financial Services Centre
Authority and what is its role in GIFT city?Solution
The International Financial Services Centre Authority (IFSCA) is a statutory body that was set up under the International Financial Services Centre Authority Act, 2019. Its main objective is to regulate financial services in GIFT city and to promote the development of financial services in India. The IFSCA has the power to grant licenses to financial institutions and regulate their activities, as well as to regulate and supervise financial markets and products in GIFT city. It also has the power to investigate and take action against any financial institution that violates the rules and regulations set by the IFSCA. Therefore, option D is correct.
What is the teacher vacancy count in India as mentioned in the ASER 2024 report?
What was the key announcement made by Finance Minister Nirmala Sitharaman regarding affordable housing?
Which state government has launched the 'Ungalai Thedi, Ungal Ooril' scheme, an initiative aimed at providing doorstep banking services and financial in...
How many new Dairy Cooperatives are planned to be established under the revised NPDD?
Who unveiled the mascot 'Juhi' for the Jharkhand Women’s Asian Champions Trophy Ranchi 2023, and what is the inspiration behind the mascot?
What is the name of the spectrograph NASA is using to study the Sun’s chromosphere?
Which country’s newspaper, La Prensa, won the 2025 UNESCO Press Freedom Prize?Â
Which of the following tech firm has recently partnered with DigiLocker to bring local storage of government issued IDs on Android devices?
Recently Dmitry Muratov recently won the nobel prize under which category?
The Ministry of Housing and Urban Affairs recently commemorated the 9th anniversary of three major initiatives on June 25, 2024. Which one of the follow...
