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    Question

    ______________shall require licence from the Authority to set up a Banking Unit in an International Financial Services Centre as per Rule 3 of the IFSCA (Banking) Regulations, 2020

    A Banks Correct Answer Incorrect Answer
    B Indian Banks Correct Answer Incorrect Answer
    C Foreign Bank Correct Answer Incorrect Answer
    D Both b & c Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    Rule 3. Requirement of licence to set up a Banking Unit: Indian Banks and Foreign Banks shall require licence from the Authority to set up a Banking Unit in an International Financial Services Centre.

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