India’s first ‘International Financial Services Centre (IFSC) banking unit, set by YES bank, has started operations at GIFT city in the Indian state of __________________

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1. GIFT City stands for Gujarat International Finance Tec-City and is a planned business district located in Gandhinagar in the state of Gujarat.

2. India’s first IFSC (International Financial Services Centre) banking unit set up by YES Bank began operations at GIFT City.

3. Since GIFT City is located in Gujarat, the correct answer is option B (Gujarat).

FINAL_ANSWER: b

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