CURRENT AFFAIRS

2021

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

The International Financial Services Centres Authority issued a framework to set up which platform?

A	Indian Trade Finance Services
B	International Trade Finance Secretariat
C	Indian Trade Finance Secretariat
D	International Trade Finance Services

Explanation:

Detailed explanation-1: -Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centres Authority (IFSCA), GIFT City, announced the completion and disbursement of its first set of export financing transactions.

Detailed explanation-2: -Ans. The International Financial Services Centres Authority (IFSCA) was established on April 27, 2020, under the International Financial Services Centres Authority Act, 2019.

Detailed explanation-3: -The IFSC-GIFT City is a regulatory sandbox, regulated by IFSC Authority (IFSCA).

Detailed explanation-4: -Form of application for Registration to set up AND OPERATE International Trade Finance Services (ITFS) Platform IN INTERNATIONAL FINANCAIL SERVICES CENTRES.

There is 1 question to complete.