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    Question

    Which of the following Government's body approved a

    proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs) due to relatively low returns on investments in various debt instruments?
    A National Pension System Correct Answer Incorrect Answer
    B Employees' Provident Fund Organisation. Correct Answer Incorrect Answer
    C Employees' State Insurance Corporation Correct Answer Incorrect Answer
    D Pension Fund Regulatory and Development Authority Correct Answer Incorrect Answer
    E Indian Renewable Energy Development Agency Limited Correct Answer Incorrect Answer

    Solution

    Government's social security body Employees' State Insurance Corporation (ESIC) approved a proposal to invest its surplus funds in the stock market through exchange traded funds (ETFs) due to relatively low returns on investments in various debt instruments coupled with the need to diversify investment The investment will start with 5 per cent of surplus funds and will increase up to 15 per cent. The investment will be confined to Exchanged Traded Funds on Nifty and Sensex. It will be managed by fund managers of asset management companies (AMSs).

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