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      Question

      As of which date did the IFSCA assume the powers of the

      RBI, SEBI, IRDAI, and PFRDA?
      A 1st July 2020 Correct Answer Incorrect Answer
      B 1st August 2020 Correct Answer Incorrect Answer
      C 1st September 2020 Correct Answer Incorrect Answer
      D 1st October 2020 Correct Answer Incorrect Answer
      E 1st November 2020 Correct Answer Incorrect Answer

      Solution

      The IFSCA assumed the powers of the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and Pension Fund Regulatory and Development Authority (PFRDA) on 1st October 2020, thereby consolidating the regulatory functions.

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