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    Question

    Which of the following financial centers provide

    international financial services mainly to their national economies?
    A Regional financial centers Correct Answer Incorrect Answer
    B Offshore financial centers Correct Answer Incorrect Answer
    C Non-global and non-regional international FCs Correct Answer Incorrect Answer
    D Niche Financial Centres Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Non-global and non-regional, ordinary international FCs - These are centres like Paris, Frankfurt, Tokyo and Sydney that provide a wide range of international financial services but cater mainly to the needs of their national economies rather than their regions or the world. Mumbai, in India, is also one such financial centre. They may be understood as national financial centres providing facilitating international financial services as required.

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