New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    What is the objective of the IFSCA

    Act?
    A To establish financial services centers across India Correct Answer Incorrect Answer
    B To promote international trade in India Correct Answer Incorrect Answer
    C To regulate financial services in rural areas of India Correct Answer Incorrect Answer
    D To regulate the financial services market in the International Financial Services Centres in India Correct Answer Incorrect Answer
    E Both b & c Correct Answer Incorrect Answer

    Solution

    IFSCA 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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