New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following types of companies are not

    permitted to set up operations in GIFT City's IFSC?
    A Banking companies Correct Answer Incorrect Answer
    B Insurance companies Correct Answer Incorrect Answer
    C Asset management companies Correct Answer Incorrect Answer
    D Manufacturing companies Correct Answer Incorrect Answer
    E Manufacturing companies Correct Answer Incorrect Answer

    Solution

    GIFT City's IFSC is primarily meant for financial services companies, and therefore, manufacturing companies are not permitted to set up operations in the IFSC. However, banking companies, insurance companies, and asset management companies are permitted to set up operations in GIFT City's IFSC. The IFSCA has laid down regulations and guidelines for these companies to follow.   Option D is correct.

    Practice Next