New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following is/are the objectives of the

    IFSCA Act?
    A To develop and regulate the financial services market in the International Financial Services Centres (IFSCs) in India Correct Answer Incorrect Answer
    B To promote the ease of doing business in IFSCs Correct Answer Incorrect Answer
    C To encourage the development of financial technology Correct Answer Incorrect Answer
    D To protect the interests of investors in IFSCs and to maintain financial stability in the IFSCs Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    The objectives of the IFSCA Act are to develop and regulate the financial services market in the International Financial Services Centres (IFSCs) in India, to promote the ease of doing business in IFSCs and to encourage the development of financial technology, and to protect the interests of investors in IFSCs and to maintain financial stability in the IFSCs. Therefore, option E is correct.

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