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NSE to Setup IBX at GIFT City, Gujarat

Published on March 03, 2021
Current Context: The National Stock Exchange (NSE) has signed MoU with various entities to set up an International Bullion Exchange (IBX), clearing corporation and depository at Gujarat
NSE to Setup IBX at GIFT City, Gujarat
International Finance Tec (GIFT) City in Gujarat.
  • NSE has signed MoU with the entities: (a) Multi Commodity Exchange of India Ltd (b) India INX International Exchange Ltd (c) National Securities Depository Ltd (d) Central Depository Services (India) Ltd.
  • The MoU is signed to fulfil the motto of GOI, ‘to make India a price setter in bullion through GIFT International Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations,2020 and other applicable laws’.
  • Static Part: 
    • HQ of NSE, Multi Commodity Exchange of India Ltd, National Securities Depository Ltd and Central Depository Services (India) Ltd.: Mumbai

Question: 

Q.1 With which entity/entities has NSE signed MoU to set up International Bullion Exchange (IBX), at GIFT City, Gujarat?
a. Multi Commodity Exchange of India Ltd
b. National Securities Depository Ltd
c. India INX International Exchange Ltd
d. Central Depository Services (India) Ltd
e. All of the above
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