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Question
Q. Consider the following statements with regards to Exchange Traded Funds(ETFs):
Select the correct answer using the codes given below:
Q. Consider the following statements with regards to Exchange Traded Funds(ETFs):
Select the correct answer using the codes given below:
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Solution
The correct option is C Both 1 and 2
Explanation:
- Statement 1 is correct. ETFs came into existence in India in 2002, and when the first ETF by Nippon India Mutual fund (erstwhile Benchmark Asset Management Company Ltd) was launched in India on the Nifty 50 Index. The ETF was listed on NSE on January 8, 2002.
- Statement 2 is correct. The Exchange Traded Funds crossed a new milestone in India as there are now 100 ETFs listed on National Stock Exchange. The 100th ETF listing on NSE took more than 19 years.
Explanation:
- Statement 1 is correct. ETFs came into existence in India in 2002, and when the first ETF by Nippon India Mutual fund (erstwhile Benchmark Asset Management Company Ltd) was launched in India on the Nifty 50 Index. The ETF was listed on NSE on January 8, 2002.
- Statement 2 is correct. The Exchange Traded Funds crossed a new milestone in India as there are now 100 ETFs listed on National Stock Exchange. The 100th ETF listing on NSE took more than 19 years.
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