New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    According to the IFSCA Circular (August 2024), which of

    the following entities are affected by the extension of compliance deadlines for net worth and capital requirements?
    A Bullion Trading Members and Broker Dealers Correct Answer Incorrect Answer
    B Bullion Clearing Corporation and Mutual Fund Providers Correct Answer Incorrect Answer
    C Bullion Exchange, Bullion Clearing Corporation, and Bullion Intermediaries Correct Answer Incorrect Answer
    D Bullion Trading Members and Credit Rating Agencies Correct Answer Incorrect Answer
    E Bullion Fund Managers and Bullion Trading Members Correct Answer Incorrect Answer

    Solution

    The circular specifically applies to the Bullion Exchange, Bullion Clearing Corporation, and Bullion intermediaries operating in the GIFT-IFSC.

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