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    Question

    Which of the following organizations is responsible for

    the development and management of GIFT City? 1)ย ย ย  Securities and Exchange Board of India (SEBI) 2)ย ย ย  Reserve Bank of India (RBI) 3)ย ย ย  Gujarat International Finance Tec-City Company Limited (GIFTCL) 4)ย ย ย  National Stock Exchange of India (NSE) Select the correct answer using the code given below:
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 4 only Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Gujarat International Finance Tec-City Company Limited (GIFTCL) is responsible for the development and management of GIFT City. GIFTCL is a joint venture between the Government of Gujarat and Infrastructure Leasing & Financial Services Limited (IL&FS). Therefore, the correct answer is C - option 3 only.

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