Question

Consider the following statements. 1) The

IFSCA Act empowers the IFSCA to make regulations for the development of financial services in IFSCs. 2) The IFSCA Act provides for the establishment of an appellate tribunal to hear appeals against the decisions of the IFSCA. Select the correct answer using the code given below:

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

E Only 2 is partially correct

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Solution