<<12345678910111213141516>> 1. What is one of the key focus areas of financial institutions operating within IFSCs?Agricultural financeReal estate investmentsGlobal tax managementRetail banking servicesQuestion 1 of 16 2. How do banks in IFSCs differ from domestic banks in terms of regulatory requirements?They are subject to stricter reserve requirements.They cannot solicit deposits from non-residents.They are exempt from domestic reserve requirements on deposits.They are restricted from providing loans in foreign currencies.Question 2 of 16 3. What is the primary function of SEZs in the context of IFSCs?To provide tax incentives for domestic banking operationsTo facilitate retail banking services for residentsTo experiment with financial sector reformsTo regulate cross-border mergers and acquisitionsQuestion 3 of 16 4. Where is the Gujarat International Financial Tech-City (GIFT City) located?MumbaiNew DelhiGandhinagar, GujaratBangaloreQuestion 4 of 16 5. What is one of the primary advantages of GIFT City in terms of market access?Limited connectivity to international marketsLimited access to Indian diasporaGateway to a vast hinterland economy and international marketsRestricted access to global talentQuestion 5 of 16 6. Which segment of business opportunities in GIFT City involves services such as ECB and Trade Finance?Wholesale BankingCapital MarketsRetail BankingTreasury ManagementQuestion 6 of 16 7. What type of businesses are attracted to GIFT City's potential as a leading destination for Global In-House Centers?Manufacturing companiesFinancial services companiesTechnology firmsHealthcare providersQuestion 7 of 16 8. Which segment of business opportunities in GIFT City involves services such as Private Banking and Wealth Management?Wholesale BankingCapital MarketsRetail BankingTreasury ManagementQuestion 8 of 16 9. Who is eligible to establish IFSC Banking Units (IBUs) according to the guidelines?Only foreign banksOnly Public Sector banksOnly Private Sector banksIndian banks authorized to deal in foreign exchangeQuestion 9 of 16 10. What is the minimum capital requirement for establishing an IBU in each IFSC?USD 10 millionUSD 15 millionUSD 20 millionUSD 25 millionQuestion 10 of 16 11. What type of transactions are prohibited in IBUs?Cash transactions and term depositsSavings accounts and term depositsSavings accounts and cash transactionsCash transactions and savings accountsQuestion 11 of 16 12. What regulatory authority oversees the establishment and operations of IBUs?SEBIIFSCARBIMinistry of FinanceQuestion 12 of 16 13. Which of the following entities are excluded from transactions with IFSC Banking Units (IBUs)?Resident individualsNon-resident institutional investorsForeign companiesGovernment organizationsQuestion 13 of 16 14. What currency is excluded from transactions conducted within IFSC Banking Units (IBUs)?USDEURINRGBPQuestion 14 of 16 15. Which type of accounts can IFSC Banking Units (IBUs) open for corporate borrowers?INR-denominated current accountsForeign currency current accountsSavings accountsFixed deposit accountsQuestion 15 of 16 16. How are transactions within IFSC Banking Units (IBUs) conducted?Through cheque facilityIn cashSolely through bank transfersThrough credit cardsQuestion 16 of 16 Loading...
