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Question

IFSCA stands for

This question was previously asked in
ESIC UDC Mains MBT (30 Apr 2022)
The correct answer is

International Financial Services Centres Authority

Understanding IFSCA Full Form

The question asks to identify the correct full form of the acronym IFSCA from the given options.

Analyzing the Options for IFSCA

Let's examine each option to determine the correct expansion of IFSCA:

  • Option 1: International Fiscial Services City Authority

    This option is incorrect due to the misspelling of "Financial" as "Fiscial" and the incorrect term "City" instead of "Centres".

  • Option 2: International Fiscial Services Centres Authority

    This option is incorrect because it misspells "Financial" as "Fiscial".

  • Option 3: Indian Financial Services Centres Authority

    This option is incorrect as it begins with "Indian" instead of "International". IFSCA refers to an international body.

  • Option 4: International Financial Services Centres Authority

    This option correctly spells all terms and uses the accurate phrasing "International Financial Services Centres Authority". This is the established full form of IFSCA.

  • Option 5: International Financial Services City Authority

    This option is incorrect because it uses the term "City Authority" instead of the correct term "Centres Authority".

Conclusion on IFSCA Expansion

Based on the analysis, the only option that accurately represents the full form of IFSCA is "International Financial Services Centres Authority". This organization regulates the financial services in International Financial Services Centres (IFSCs) in India.

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