CURRENT AFFAIRS

2020

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

The Ministry of Finance has established the International Financial Services Centres Authority (IFSCA) through a notification on 27 April. The headquarters of IFSCA will be located in which city?

A	Vadodara
B	Gandhinagar
C	Surat
D	Ahmedabad

Explanation:

Detailed explanation-1: -It is headquartered at GIFT City, Gandhinagar in Gujarat.

Detailed explanation-2: -Detailed Solution. The correct answer is Injeti Srinivas. Senior bureaucrat Injeti Srinivas has been appointed as the first chairman of the International Financial Services Centre Authority (IFSCA) for the Gandhinagar-based financial special economic zone or Gujarat International Finance Tech (GIFT) City.

Detailed explanation-3: -Gujarat International Finance Tec-City (GIFT City) would be the country’s first IFSC, with which top bourses BSE and NSE signed MOUs for setting up International exchanges there.

Detailed explanation-4: -PM Modi to visit India’s first International Financial Services Centre in Gujarat. New Delhi [India], July 27 (ANI): Prime Minister Narendra Modi will visit India’s maiden International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City (GIFT City) on Friday.

There is 1 question to complete.