CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Draft banking regulations 2020 has been approved by International Financial Services Centers authority. The meeting is conducted in which Union territory?

A	Pondicherry
B	Ladakh
C	Delhi
D	Chandigarh

Explanation:

Detailed explanation-1: -The International Financial Services Centres Authority (IFSCA) has been established on April 27, 2020 under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat.

Detailed explanation-2: -The primary financial regulator bodies in India include the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Small Industries Development Bank of India (SIDBI), Ministry of Corporate Affairs, etc.

Detailed explanation-3: -Private banks The licensing and operation of these banks is governed by the Banking Regulation Act and the guidelines issued under it.

There is 1 question to complete.