GIFT IFSC

Question 1

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

Answer 1

Internationalisation of rupee

Question 2

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

Answer 2

30 THOUSAND

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

Question 3

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

Question 4

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

Answer 4

PM - NARENDRA MODI
JULY 2022

Question 5

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

Answer 5

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

Question 6

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

Answer 6

50:50