Question

A new scheme has been announced in the Budget 2012-13, giving tax exemptions to first-time equity market investors. The scheme as titled as ____________.

• A. Rajiv Gandhi Equity Savings Scheme
• B. Rashtriya Equity Saving Scheme
• C. National Equity Saving Scheme
• D. Indira Gandhi Equity Saving Scheme

Answer 1

Answer: (A)

Rajiv Gandhi Equity Savings Scheme

Rajiv Gandhi Equity Savings Scheme was a scheme that was announced in the budget 2012-13 which aimed at giving tax exemptions to the first time retail investors in the securities market as to encourage the savings of small investors in the domestic capital market.