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    Question

    Under the IFSCA (Banking) Regulations 2020, which

    currency can IFSC Banking Units conduct their business in by default?
    A Indian Rupee (INR) Correct Answer Incorrect Answer
    B Only US Dollar (USD) Correct Answer Incorrect Answer
    C Specified foreign currencies listed in the regulations Correct Answer Incorrect Answer
    D Any global currency Correct Answer Incorrect Answer
    E Both INR and foreign currencies Correct Answer Incorrect Answer

    Solution

    IFSC Banking Units can conduct their business in  specified foreign currencies  as listed in the  First Schedule  of the IFSCA (Banking) Regulations

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