International Financial Services Centres Authority (IFSCA) (Banking) Regulations 2020 have been recently approved. Where are the headquarters of IFSCA?
This questions was previously asked in
IBPS PO Mains (04 Feb, 2021)
New Delhi
Incorrect AnswerBangalore
Incorrect AnswerGandhinagar
Correct AnswerExplanation:
- The International Financial Services Centres Authority (IFSCA) was established to oversee financial services, products, and financial institutions in the International Financial Services Centres (IFSCs) in India.
- Option 1: Mumbai is India's financial capital but not where IFSCA is headquartered.
- Option 2: New Delhi is India's national capital, unlikely as headquarters for IFSCA.
- Option 3: Bangalore is known for technology, not financial services.
- Option 4: Gandhinagar is the headquarters of IFSCA. It's located in the Gujarat International Finance Tec-City (GIFT City), a burgeoning financial hub.
- Option 5: Bhopal is the capital of Madhya Pradesh, not a financial hub.
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By: Parvesh Mehta