Question

    International Financial Services Centres Authority

    (IFSCA) is an authority to develop and regulate financial services, financial products and financial institutions in the International Financial Services Centre (IFSC) in India. It was created under the International Financial Services Centres Authority Act of __________.
    A 2008 Correct Answer Incorrect Answer
    B 2014 Correct Answer Incorrect Answer
    C 2017 Correct Answer Incorrect Answer
    D 2019 Correct Answer Incorrect Answer
    E 2020 Correct Answer Incorrect Answer

    Solution

    The IFSCA was established in April 2020 under the International Financial Services Centres Authority Act, 2019. It is a statutory authority established by the Indian Government. It is an authority to develop and regulate financial services, financial products and financial institutions in the International Financial Services Centre (IFSC) in India. Currently, there is only one IFSC being developed in India, Gift City, in Gandhinagar, Gujarat.  

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