International Financial Services Centers Authority (IFSCA) signed MoU with GVFL Ltd.

Current Context: IFSCA signed an MoU with GVFL to strengthen the FinTech ecosystem in GIFT IFSC.

• The two organizations will exchange information and undertake initiatives related to the FinTech industry like holding seminars, webinars, etc.
• Guidance and mentorship will be given to companies in GIFT IFSC and entities under the regulatory sandbox of IFSCA.
• They will decide to amplify investment in GIFT IFSC.
• About GVFL – It’s an independent and autonomous Board managed Venture finance company based in Ahmedabad whose main purpose is to support the venture capital ecosystem in different sectors including FinTech. It is promoted by the Government of Gujarat and the World Bank.

Question:

Q.1 GVFL Ltd., a venture finance company that recently signed an MoU with IFSCA is based in which city?
a. Mumbai
b. Surat
c. Ahmedabad
d. Delhi