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    Question

    Which of the following organizations is responsible for the development and management of GIFT City?

    1)    Securities and Exchange Board of India (SEBI)

    2)    Reserve Bank of India (RBI)

    3)    Gujarat International Finance Tec-City Company Limited (GIFTCL)

    4)    National Stock Exchange of India (NSE)

    Select the correct answer using the code given below:

    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 4 only Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Gujarat International Finance Tec-City Company Limited (GIFTCL) is responsible for the development and management of GIFT City. GIFTCL is a joint venture between the Government of Gujarat and Infrastructure Leasing & Financial Services Limited (IL&FS). Therefore, the correct answer is C - option 3 only.

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