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    Question

    Under which section of IFSCA Act 2019, IFSC Authority

    make regulations for banking and investment activities in the IFSC?
    A Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 Correct Answer Incorrect Answer
    B Section 13 read with sub-section (1) of Section 12 and sub-section (1) of Section 28 Correct Answer Incorrect Answer
    C Section 12 read with sub-section (1) of Section 13 and sub-section (1) of Section 28 Correct Answer Incorrect Answer
    D Section 6 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 Correct Answer Incorrect Answer

    Solution

    In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019, the International Financial Services Centres Authority hereby makes the following regulations for banking and investment activities in the International Financial Services Centres

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