2012 · Q36
Which of the following statements is/are correct?
- 1NIFTY is based upon 50 firms in India.
- 2NIFTY is governed and regulated by the Reserve Bank of India.
- 3NIFTY does not trade in mutual funds.
Select the correct answer using the code given below:
General KnowledgeEconomics
- A1 only
- B2 only
- C3 only
- D1 and 3
Explanation
NIFTY 50 is based on 50 firms; it is managed by NSE Indices (not RBI), and the 'does not trade in mutual funds' framing is rejected by the key. Key: A (1 only).