GPSC Class 1-2 · General Studies (Paper II)
Gujarat International Finance Tec-City at Gandhinagar; first IFSC in India regulated by IFSCA.
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Q1 · GIFT City and IFSC · HARD
Consider the following statements regarding GIFT City (Gujarat International Finance Tec-City): 1. It is India's first International Financial Services Centre (IFSC). 2. GIFT City operates under a Special Economic Zone (SEZ) framework. 3. The IFSCA (International Financial Services Centres Authority) regulates entities operating in GIFT IFSC. Which of the above statements is/are correct?
Q2 · GIFT City and IFSC · HARD
Consider the following statements about GIFT City and its International Financial Services Centre (IFSC): 1. GIFT IFSC is India's first operational smart city and IFSC. 2. Entities operating in GIFT IFSC are exempted from Goods and Services Tax (GST). 3. The IFSC Authority is the unified regulator for financial services in GIFT City. Which of the above statements is/are correct?
Q3 · GIFT City and IFSC · MEDIUM
Consider the following statements about GIFT City: 1. It is India's first International Financial Services Centre (IFSC) 2. It is located between Ahmedabad and Gandhinagar 3. It is regulated by the Reserve Bank of India directly Which of the statements given above is/are correct?
Q4 · GIFT City and IFSC · MEDIUM
Consider the following statements about GIFT City: 1. It is located on the banks of Sabarmati River near Gandhinagar. 2. It is India's first International Financial Services Centre (IFSC). 3. It operates under a separate regulatory framework different from mainland India. Which of the statements given above is/are correct?
Q5 · GIFT City and IFSC · MEDIUM
With reference to GIFT City and its International Financial Services Centre (IFSC), consider the following statements: 1. GIFT City is located in Gandhinagar district of Gujarat. 2. The IFSC at GIFT City is regulated by IFSCA, a unified regulator. 3. Entities in IFSC are treated as non-residents under FEMA even though physically located in India. Which of the statements given above is/are correct?