Question

Where was the headquarters of International Financial Services Centres Authority (IFSCA) set up in India in April 2020?
1. Bhopal
2. Bengaluru
3. Mumbai
4. Gandhinagar

Answer 1

Correct Answer - Option 4 : Gandhinagar

The correct answer is Gandhinagar.​

• The International Financial Services Centres Authority (IFSCA) was established in April 2020.
• International Financial Services Centre Authority is a statutory body that was established through IFSCA Act 2019.
• It was established on April 27, 2020, and is headquartered in Gandhinagar Gujarat.
• It consists of a total of 9 members appointed for a term of three years.
• There will be one member nominated by RBI, IRDA, SEBI, and PFRDA each.
• It also consists of two members from the central government and the other two members are nominated by a selection committee.