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    Question

    Which of the following organization recently permitted

    gold price hedging at IFSC?
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C NABARD Correct Answer Incorrect Answer
    D DPIIT under Ministry of Commerce and Industry Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has given its nod to Indian residents to hedge their exposure to gold on recognised exchanges in the International Financial Services Centre (IFSC) at GIFT City, Gujarat. This move is expected to benefit importers and exporters of gold such as jewellers and industries that use gold as an intermediate or raw material.

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