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A global financial centre is defined by the presence of a large number of financial institutions and services. These institutions are responsible for facilitating the flow of capital between investors and borrowers, as well as managing financial risks. They also provide a range of financial services, including banking, insurance, asset management, and securities trading. A global financial centre can be thought of as a hub for financial activity, where a significant portion of the world's financial transactions take place. In contrast, a narrow focus on a specific financial sector is not a defining characteristic of a global financial centre. While some financial centres may be known for their expertise in a particular sector, such as New York's dominance in the global equity markets or London's strength in foreign exchange trading, this is not a requirement for a city to be considered a global financial centre. In fact, many of the world's largest financial centres, such as Hong Kong and Singapore, have diversified financial systems that span a range of sectors.
Which operation was conducted in June 2023 by the joint efforts of the US and India to target illicit prescription drugs?
__________ has taken over the Presidency of the Council of the European Union, on January 1, for the first time in the last 14 years.
Which Tribunal has been constituted to protect the interest of entities that feel aggrieved by SEBI’s decision?
Which of the following has been launched to strengthen the digital infrastructure of the country by the government of India?
Who won the Miami Open men's singles tennis title in 2023?
Following the recent announcement by the Reserve Bank of India, what is the revised Additional Factor of Authentication (AFA) limit for e-mandates on ca...
Which new initiative was launched by LIC to empower women in rural areas?
India has improved on the World Bank‘s Logistic Performance Index (LPI) 2023.It now ranks _____ from 44th on the index in 2018 in the 139 countries in...
Armenia became India's largest importer of which defense system in 2024?