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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Which of the following statements is/ are correct?
    1. NIFTY is based upon 50 firms in India.
    2. NIFTY is governed and regulated by the Reserve Bank of India.
    3. NIFTY does not trade in mutual funds.
    Select the correct answer using the codes given below:

    A) Only 1                          

    B) Only 2

    C) Only 3                          

    D) 1 and 3

    Correct Answer: D

    Solution :

    NIFTY is an Index computed from performance of top stocks from different sectors listed on NSE   4, (National stock exchange). NIFTY consists of 50 companies from 24 different sectors. Indian Capital Markets are regulated and monitored by the Ministry of Finance, the Securities and Exchange Board of India and the Reserve Bank of India. It does not trade in mutual funds.


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