Current Affairs · Financial Settlement Infrastructure
Consider the following statements regarding the Foreign Currency Settlement System (FCSS): I. The International Financial Services Centres Authority (IFSCA) has authorised CCIL IFSC Limited to operate the system. II. The FCSS initially operates with the United States Dollar (USD). Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II✓
- 3II only
- 4I only
Correct answer
Both I and II
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