Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q30: A foreign university wishes to set up a campus in India free from domestic UGC regulations to offer courses in Financial Management and Fintech. Under the Budget 2026-27 "International Education" provisions, where can they set up this campus to avail full regulatory exemption?

A
Any Special Economic Zone (SEZ) in India
B
GIFT City, Gandhinagar
C
Bangalore Tech Park
D
Hyderabad Knowledge City
✅ Correct Answer: B
The campus must be set up in GIFT City, Gandhinagar.
The Union Budget 2026-27 reiterated that foreign universities in GIFT City will be free from domestic regulations (UGC, AICTE) and will be regulated solely by the IFSCA to offer Fintech and STEM courses.