Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

BPSC (Bihar) Exam > BPSC (Bihar) Questions > Where did Prime Minister Narendra Modi launch...

Join the Discussion on the App

Where did Prime Minister Narendra Modi launch the country's first 'India International Bullion Exchange (IIBX)' ?

a)
Lucknow
b)
Bangalore
c)
Gandhinagar
d)
New Delhi
e)
None of the above/More than one of the above

Correct answer is option 'C'. Can you explain this answer?

FREE This question is part of

BPSC Practice Test- 10

Attempt Test

Attempt this Test

Most Upvoted Answer

Where did Prime Minister Narendra Modi launch the countrys first India...

Prime Minister Narendra Modi on 29 July launched 'India International Bullion Exchange (IIBX)', the country's first international bullion exchange near Gandhinagar.

IMPORTANT FACTS -

He visited India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) on 29 July.
Gandhinagar’s GIFT city is an international financial services hub set up by the Gujarat government outside the State capital.
The exchange will facilitate efficient price discovery with responsible sourcing and quality assurance, besides promoting financialization of gold in India.
India is the second largest consumer of gold in the world and the establishment of IIBX is seen as India's effort to bring transparency in the market for this precious metal.
In addition, setting up of IIBX could lead to standard pricing of gold in the country and make it easier for small bullion dealers and jewellers to trade the precious metal.

India, a leading importer of bullion

India is a major importer of the metal and imported 1,069 tonnes of gold in 2021, up from 430 tonnes in 2020.
Currently, only designated banks and agencies approved by the Reserve Bank of India in the country can import gold and sell it to dealers and jewellers across the country.

Foundation stone of IFSCA

PM Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA).
IFSCA is the country’s first and only IFSC in line with those in UAE, Singapore and Hong Kong.
IFSCA will support innovation and also act as a catalyst for growth opportunities in the financial services sector in the country.

About Gujarat International Finance Tec-City (GIFT City) -

Gujarat International Finance Tec-City (GIFT City) is a business district promoted by the Government of Gujarat through a Joint Venture Company.
GIFT City is India's first operational Smart City and International Financial Services Centre.
The project is situated on the banks of river Sabarmati and is about 12 km from Gandhinagar International Airport.

Answered by Notes Wala · View profile

Free Test

FREE

BPSC Practice Test- 10
150 Ques | 150 Min

Start Free Test

View all free BPSC (Bihar) tests

Community Answer

Where did Prime Minister Narendra Modi launch the countrys first India...

Prime Minister Narendra Modi on 29 July launched 'India International Bullion Exchange (IIBX)', the country's first international bullion exchange near Gandhinagar.

IMPORTANT FACTS -

He visited India's first International Financial Services Centre (IFSC) at the Gujarat International Finance Tec-City (GIFT City) on 29 July.
Gandhinagar’s GIFT city is an international financial services hub set up by the Gujarat government outside the State capital.
The exchange will facilitate efficient price discovery with responsible sourcing and quality assurance, besides promoting financialization of gold in India.
India is the second largest consumer of gold in the world and the establishment of IIBX is seen as India's effort to bring transparency in the market for this precious metal.
In addition, setting up of IIBX could lead to standard pricing of gold in the country and make it easier for small bullion dealers and jewellers to trade the precious metal.

India, a leading importer of bullion

India is a major importer of the metal and imported 1,069 tonnes of gold in 2021, up from 430 tonnes in 2020.
Currently, only designated banks and agencies approved by the Reserve Bank of India in the country can import gold and sell it to dealers and jewellers across the country.

Foundation stone of IFSCA

PM Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA).
IFSCA is the country’s first and only IFSC in line with those in UAE, Singapore and Hong Kong.
IFSCA will support innovation and also act as a catalyst for growth opportunities in the financial services sector in the country.

About Gujarat International Finance Tec-City (GIFT City) -

Gujarat International Finance Tec-City (GIFT City) is a business district promoted by the Government of Gujarat through a Joint Venture Company.
GIFT City is India's first operational Smart City and International Financial Services Centre.
The project is situated on the banks of river Sabarmati and is about 12 km from Gandhinagar International Airport.

Share via Whatsapp

Attention BPSC (Bihar) Students!

To make sure you are not studying endlessly, EduRev has designed BPSC (Bihar) study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in BPSC (Bihar).

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

History for State PSC Exams

NCERT Based Tests for UPSC & State PSC Exams

NCERT Textbooks (Class 6 to Class 12)

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for BPSC (Bihar) exam

Similar BPSC (Bihar) Doubts

Where did Prime Minister Narendra Modi and German Chancellor Olaf Scholz co-chair the 6th edition of the India-Germany Inter-Governmental Consultations-IGC ?

View answer

On the occasion of the first anniversary of the Fit India Movement, who gave the Mantra, Fitness Ki Dose, Aadha Ghanta Roz (Fitness Dose, Half and Hour Daily)?

View answer

On the occasion of the first anniversary of the fit India Movement, Who gave the mantra, ‘Fitness ki Dose, Aadha Ghanta Roz (Fitness Dose, Half an Hour Daily)’?

View answer

Recently in January 2022, Prime Minister, Shri Narendra Modi inaugurated 11 new medical colleges in which of the following states of India?

View answer

Prime Minister Narendra Modi addressed the inaugural session of Jain International Trade Organisation - JITO Connect 2022 through video conferencing, where is this event being organised?

View answer

Top Courses for BPSC (Bihar)View all

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

History for State PSC Exams

NCERT Based Tests for UPSC & State PSC Exams

NCERT Textbooks (Class 6 to Class 12)

CSAT Preparation

Top Courses for BPSC (Bihar)

View all

Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for BPSC (Bihar). Download more important topics, notes, lectures and mock test series for BPSC (Bihar) Exam by signing up for free.

Here you can find the meaning of Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Where did Prime Minister Narendra Modi launch the countrys first India International Bullion Exchange (IIBX) ?a)Lucknowb)Bangalorec)Gandhinagard)New Delhie)None of the above/More than one of the aboveCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice BPSC (Bihar) tests.

Explore Courses for BPSC (Bihar) exam