Gandhi Nagar- City's first IFSC to be operational

Q.   In which city India’s first International Financial Services Centre (IFSC) has become operational?
- Published on 31 Jul 15

a. Kolkata
b. Mumbai
c. Pune
d. Gandhi Nagar

ANSWER: Gandhi Nagar
IFSC has become operational at GIFT City in Gandhinagar, Gujarat. IFSC rules allow companies incorporated outside India to raise money in foreign currencies by issuance and listing of their equity shares on stock exchanges within the IFSC, where individual and institutional investors from India and abroad including NRIs, would be allowed to trade.

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