BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following schemes is not meant for investment purposes?
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National savings certificates
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Infrastructure bonds
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Mutual funds
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Letter of credit
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Explanation:
Detailed explanation-1: -Mutual funds have a fund manager, who uses his investment management skills to invest this money in various financial instruments. It is an ongoing process, includes tight fund management, divergence from benchmarks, etc., while variations in interest rates are not included in it.
Detailed explanation-2: -Explanation: Statement 1 is correct: A mutual fund collects money from investors and invests on their behalf.
There is 1 question to complete.