GIFT IFSC Flashcards

1
Q

Inter-Departmental Group of RBI has released the report & recommendations for
…………………..

A

Internationalisation of rupee

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2
Q

The popular Singapore Exchange (SGX) NIFTY started trading from GIFT City in
Gujarat as Gift Nifty, executing over ………… in a single session.

A

30 THOUSAND

first cross-border initiative in connecting India and Singapore’s capital
market

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3
Q

Trading on SGX NIFTY ceased in Singapore and the entire trading volume and
liquidity fully switched to GIFT IFSC

A
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4
Q

○ This migration was first initiated by …………….. in
……………

A

PM - NARENDRA MODI
JULY 2022

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5
Q

Currently, four products are being offered under the umbrella brand of GIFT
Nifty —

A

GIFT Nifty 50, GIFT Nifty Bank, GIFT Nifty Financial Services and GIFT
Nifty IT derivatives contract.

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6
Q

According to a five-year contract between the two, business will largely be
shared on a ……..basis.

A

50:50

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