New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An international finance centre called GIFT city is

    being constructed in the state of:
    A Maharashtra Correct Answer Incorrect Answer
    B Uttar Pradesh Correct Answer Incorrect Answer
    C Punjab Correct Answer Incorrect Answer
    D Gujarat Correct Answer Incorrect Answer
    E Telangana Correct Answer Incorrect Answer

    Solution

    Gujarat International Finance Tec-City or GIFT city is an under constructin business district between Ahmadabad and Gandhinagar in Gujarat. It will be nurtured as a global financial hub like Singapore, Newyork, Dubai, Hong Kong. For this, a Special Purpose Vehicle (SPV) has been created called GIFT Ltd. This SPV is the result of cooperation of Gujarat Urban Development Cooperation Ltd and Infrastructure Leasing & Financial Services Ltd (IL&FS).

    Practice Next