New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following below provides the establishment

    of International Financial Services Centres?
    A SEZ Act 2005 Correct Answer Incorrect Answer
    B Social Security Code Correct Answer Incorrect Answer
    C Industrial Relations Code Correct Answer Incorrect Answer
    D IFSCA Act 2019 Correct Answer Incorrect Answer
    E Industrial Employment Act 1946 Correct Answer Incorrect Answer

    Solution

    The Special Economic Zone Act, 2005 provides for the establishment of an IFSC in India. It would be prudent to set up an IFSC within an SEZ since there are several restrictions on the financial sector in India

    Practice Next

    Relevant for Exams: