Question
Which of the following statements is/are correct about the city of Singapore as a global financial center? 1) Singapore is the world's largest center for offshore banking. 2) Singapore has the highest number of hedge funds in the world. 3) It is at the 4th position as per Global Financial Centres Index.
Solution
Singapore is the world's largest center for offshore banking, but it does not have the highest number of hedge funds in the world. China's Hong Kong Special Administrative Region (HKSAR) maintained fourth place in the 33rd edition of the Global Financial Centres Index (GFCI) Report published on Thursday, which experts said is a reflection of the city's strengths and advantages as a leading global financial center, despite global challenges.
More Financial Management Questions
- A company’s quick ratio is 1.2. If inventory were purchased for cash, the:
- Which of the following statements correctly describes the requirements for filing an information memorandum under the shelf prospectus regulations?
- With reference to ‘International Investment Position (IIP)’, consider the following statements: 1.India has a negative Net IIP. 2.The Net IIP position dete...
- As per Companies Act, every company shall have at least one director who stays in India for a total period of not less than _____ during the financial year...
- Under the RBI's 'Large Exposures Framework' (LEF), the sum of all exposure values of a bank to a single counterparty must not exceed what percentage of the...
- Net working capital is defined as?
- As per the Union Budget 2025–26, what is the amount allocated for the Modified Programme for Development of Semiconductor and Display Manufacturing Ecosyst...
- NFRA (National Financial Reporting Authority) has the power to debar an individual auditor or firm registered with the ICAI for up to ________, in case of ...
- What is encouraged for proper incident reporting in reporting procedures?
- Herzberg’s hygiene factors lead to which of the following?
