Question
Consider the following Statements about International
Financial Centres and choose the option with correct Statements. I- In India, we cannot have more than one IFSC. II- RBI, SEBI, IRDAI & Pension Fund Regulatory and Development Authority of India (PFRDAI) jointly regulate the Financial Institutions in IFSC. III- Only the Indian Domestic Companies are allowed to operate in the IFSCs.Solution
Setting up and operationalising India’s maiden IFSC in GIFT City has been a path-breaking financial reform underpinning India’s increasingly liberal outlook towards capital account convertibility. GIFT-IFSC is housed in India’s first fully operational Smart City with world-class commercial, social and physical infrastructure. To bolster the development of IFSC, the Government took a major policy decision to establish the first of its kind, unified and agile financial sector regulator for IFSCs viz International Financial Services Centers Authority (IFSCA) through an Act of Parliament in 2019. From 1st October 2020, IFSCA assumed the power of four domestic sector regulators, namely RBI, SEBI, IRDAI & Pension Fund Regulatory and Development Authority of India (PFRDAI), in so far as the development and regulation of IFSCs in India were concerned.
Centre of origin of Gossypium herbaceum is:
Seedlessness in grapes is controlled by which genes?
India receives most of its rainfall from ................ monsoon?
In tile drainage, when the tiles arranged from one side only it is known as
By which of the following processes water enter into seed coat first when a dry seed is placed in a suitable medium for germination?
The pressure system is characterized by circular or elliptical isobars with the lowest pressure at the center is called
Imperata cylindrica is propagated means of
Floor space required per animal for pregnant cow under covered areas isÂ
On an average, the fat content in Cheddar cheese is:
Accepted ways of behavior in society are:
