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The International Financial Services Centres Authority (IFSCA) issued framework to set up ITFS Platform. What does ITFS stand for?
A)
International Trade Finance Services
B)
Indian Trade Finance Secretariat
C)
Indian Trade Finance Services
D)
International Trade Finance Secretariat

Correct Answer : Option (A) - International Trade Finance Services


International Financial Services Centres Authority (IFSCA) was set up to develop and regulate the financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs).
IFSCA has issued a framework for setting up and operating International Trade Finance Services Platform (‘ITFS’). This will help the Exporters and Importers to avail various types of trade finance facilities for their international trade transactions.

Published On : July 18, 2021
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