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India’s first ‘International Financial Services Centre (IFSC) banking unit, set by YES bank, has started operations at GIFT city in the Indian state of __________________
Andhra Pradesh
Gujarat
Telangana
Maharashtra
Kerala
- The International Financial Services Centre (IFSC) is a hub for financial services, facilitating global business operations.
- GIFT City, standing for Gujarat International Finance Tec-City, is India’s first operational smart city and IFSC.
- Option 2: Gujarat is the correct answer, as GIFT City is located in Gujarat, making it the site for India’s first IFSC operations by YES Bank.
- Option 1: Andhra Pradesh, Option 3: Telangana, Option 4: Maharashtra, and Option 5: Kerala are incorrect since GIFT City is not located in any of these states.
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