Current Affairs · Financial Centers and Regulation
GIFT-IFSC (International Financial Services Centre) at Gandhinagar is India's first operational IFSC. Based on the regulatory framework governing entities operating there, consider the following statements: 1. The International Financial Services Centres Authority (IFSCA) is the unified regulator for all financial services entities in GIFT-IFSC. 2. Foreign banks setting up IFSC Banking Units (IBUs) must maintain a minimum capital of USD 20 million. 3. Transactions by IFSC units are permitted in Indian Rupees (INR) along with freely convertible foreign currencies. 4. Entities operating in GIFT-IFSC are exempt from STT, CTT and stamp duty on financial transactions. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 12, 3 and 4 only
- 21, 2 and 4 only✓
- 31 and 4 only
- 41 and 2 only
Correct answer
1, 2 and 4 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Financial Centers and Regulation MCQs →Want more practice questions on Financial Centers and Regulation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Financial Centers and Regulation