Q. Which organization regulates the International Bullion Exchange (IIBX), recently in news?
Answer:
International Financial Services Centres Authority (IFSCA)
Notes: State Bank of India (SBI) is the inaugural trading-cum-clearing member of the India International Bullion Exchange (IIBX) at GIFT City, Gandhinagar, Gujarat. IIBX is India's premier International Bullion Exchange, aimed at facilitating transparent price discovery and promoting bullion trading and investment. Regulated by IFSCA, it offers diversified products and competitive pricing, positioning itself as a gateway for importing bullion into India. Bullion refers to high-purity physical gold and silver, often held by central banks and institutional investors.