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      Question

      What is the primary role of the newly incorporated CCIL

      IFSC in GIFT City?
      A Banking operations Correct Answer Incorrect Answer
      B Clearing house and system operator Correct Answer Incorrect Answer
      C Real estate development Correct Answer Incorrect Answer
      D Insurance services Correct Answer Incorrect Answer
      E Stock exchange management Correct Answer Incorrect Answer

      Solution

      CCIL IFSC is proposed to build and operate a real-time foreign currency settlement system at GIFT City, acting as a clearing house and system operator.

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