Economy

SIP in stands for

• Systematic Insurance Plan

• Systematic Investment Plan

• Systematic Investment Programme

• Serious Systematic Investment Progress

What does NAV stand for in mutual funds?

• Net Asset Value

• New Asset Venture

• Net Annual Value

• Non-Asset Variation

Which of the following is not a type of mutual fund?

• Equity Funds

• Bond Funds

• Real Estate Funds

• Commodity Funds

What is the purpose of a demat account in the context of mutual funds?

• To invest in mutual funds

• To store mutual fund units electronically

• To provide insurance for mutual fund investments

• To track mutual fund performance

What is the full form of KYC in mutual funds?

• Know Your Customer

• Keep Your Cash

• Kindly Yield Cash

• Know Your Currency

Which regulatory body regulates mutual funds in India?

• SEBI

• RBI

• IRDAI

• PFRDA

What is the lock-in period for ELSS mutual funds?

• 3 years

• 5 years

• 7 years

• No lock-in period

Which type of mutual fund invests in a mix of equity and debt instruments?

• Equity Funds

• Debt Funds

• Hybrid Funds

• Index Funds

What is the expense ratio in mutual funds?

• The fee charged by the fund house for managing the fund

• The interest rate offered by the fund

• The tax levied on mutual fund gains

• The dividend paid out to investors

Which type of mutual fund is known for investing in government securities?

• Equity Funds

• Debt Funds

• Hybrid Funds

• Index Funds