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CS Professional · IFSCA - Regulations, Listing and Compliances · India International Bullion Exchange (IIBX)

Sunita, a student, is asked why the Government set up IIBX in GIFT IFSC. Which objective is most consistent with the framework?

IIBX was set up to give India a transparent, regulated platform for bullion trading, better price discovery and a consolidated import channel, strengthening its position in the global bullion market. It does not ban imports, replace the RBI or only list shares.

  1. ATo ban imports of gold into India
  2. BTo give India a price discovery and transparent trading platform for bullion and consolidate import channels through a regulated exchangeCorrect
  3. CTo replace the Reserve Bank of India as currency issuer
  4. DTo list only equity shares of bullion companies

Explanation

IIBX aims to bring transparency, price discovery and a regulated channel for bullion imports, strengthening India's role in global bullion markets. It does not ban imports, replace the RBI, or deal only in equity listing.

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