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      Question

      ______________shall require licence from the Authority

      to set up a Banking Unit in an International Financial Services Centre as per Rule 3 of the IFSCA (Banking) Regulations, 2020
      A Banks Correct Answer Incorrect Answer
      B Indian Banks Correct Answer Incorrect Answer
      C Foreign Bank Correct Answer Incorrect Answer
      D Both b & c Correct Answer Incorrect Answer
      E All a b & c Correct Answer Incorrect Answer

      Solution

      Rule 3. Requirement of licence to set up a Banking Unit: Indian Banks and Foreign Banks shall require licence from the Authority to set up a Banking Unit in an International Financial Services Centre.

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