Skip to content

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

Vikram runs a bullion refinery in India and asks what the main purpose of establishing IIBX was. Which statement best reflects it?

IIBX was created to give India a regulated, transparent platform for bullion trading and import through the IFSC, enabling better price discovery and quality assurance. It does not manage RBI reserves, list equity shares or have prices fixed by government.

  1. ATo provide a platform for transparent price discovery and efficient, regulated import of bullion into India through the IFSCCorrect
  2. BTo replace the Reserve Bank's gold reserves
  3. CTo list company shares for retail investors
  4. DTo fix gold prices by government order

Explanation

IIBX was set up to consolidate bullion import through a regulated exchange, giving price discovery, quality assurance and efficient channels. It does not manage RBI reserves, list shares or set government-fixed prices.

Did you get it right without looking?

One question tells you little. A timed set on India International Bullion Exchange (IIBX) shows your real accuracy, how long you take and where you lose marks.

Practise India International Bullion Exchange (IIBX)Free diagnostic mock

More India International Bullion Exchange (IIBX) questions