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    • Question

      Consider the following statements regarding IFSCA:

      1. IFSCA stands for International Financial Services Centres Authority.  2. It regulates banking, capital markets, insurance, and financial services within IFSCs.  3. It was established under the IFSCA Act, 2021.  Which of the statements given above is/are correct?
      A 1 only Correct Answer Incorrect Answer
      B 1 and 2 only Correct Answer Incorrect Answer
      C 2 and 3 only Correct Answer Incorrect Answer
      D 1 and 3 only Correct Answer Incorrect Answer
      E 1, 2 and 3 Correct Answer Incorrect Answer

      Solution

      IFSCA stands for International Financial Services Centres Authority and acts as a unified regulator for financial activities within India’s IFSCs. It was established in 2020 under the IFSCA Act, 2019. Therefore, Statement 3 is incorrect.

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