Question

    Which CPSE has received approval from the Reserve Bank

    of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat & will contribute to the growth of the country's power sector ?
    A Power Finance Corporation Correct Answer Incorrect Answer
    B REC Ltd. Correct Answer Incorrect Answer
    C Power Grid Corporation Correct Answer Incorrect Answer
    D NTPC Ltd Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Power Finance Corporation (PFC) has received approval from the Reserve Bank of India (RBI) to set up a wholly-owned finance company in the GIFT City in Gujarat. The entity at the International Financial Services Centre (IFSC) will present new business opportunities for PFC and contribute to the growth of the country's power sector.

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