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    Question

    IFSCA Act 2019 provides for an Authority to develop and regulate

    A The capital market in International Financial Services Centres Correct Answer Incorrect Answer
    B The securities market International Financial Services Centres Correct Answer Incorrect Answer
    C The economic transactions in International Financial Services Centres Correct Answer Incorrect Answer
    D The financial services market in International Financial Services Centres Correct Answer Incorrect Answer
    E The banking and financial transactions in International Financial Services Centres Correct Answer Incorrect Answer

    Solution

    •  The IFSCA Act 2019 applies to the International Financial Services Centres set up under section 18 of the Special Economic Zones Act, 2005.
    • This Act provides for the establishment of an Authority to develop and regulate the financial services market in the International Financial Services Centres in India and for matters connected therewith or incidental thereto.

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