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    Question

    Who is the regulator of India International Bullion

    exchange?
    A Securities and exchange Board of India Correct Answer Incorrect Answer
    B Reserve Bank of India Correct Answer Incorrect Answer
    C International Financial Services Centre Association Correct Answer Incorrect Answer
    D International Financial Service Centre Correct Answer Incorrect Answer
    E Ministry of Finance Correct Answer Incorrect Answer

    Solution

    Prime Minister Narendra Modi inaugurated India's first International Bullion Exchange (IIBX) at Gujarat's GIFT (Gujarat International Finance Tec-City) City in Gandhinagar on July 29, 2022. The India International Bullion Exchange is the third such exchange in the world. The registered jewellers will be able to sell and buy gold and silver in the exchange after registering as a trading partner. The jewelers based out of India will also be able to transact the precious metals through the exchange after registering with the International Financial Services Centre Association (IFSCA). The regulator of IIBX is IFSCA

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