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    Question

    Which entity received RBI's 'No Objection Certificate'

    to establish a wholly owned subsidiary in GIFT City, Gujarat?
    A REC Limited Correct Answer Incorrect Answer
    B NTPC Correct Answer Incorrect Answer
    C ONGC Correct Answer Incorrect Answer
    D SAIL Correct Answer Incorrect Answer
    E BHEL Correct Answer Incorrect Answer

    Solution

    ┬а┬а REC Limited, a Maharatna CPSE under the Ministry of Power, received a тАШNo Objection CertificateтАЩ from the RBI on May 3, 2024, to establish a wholly owned subsidiary in the International Financial Services Centre (IFSC), Gujarat International Finance TecCity (GIFT), Gandhinagar, Gujarat.

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