Consider the following statements about BHARAT 22 ETF Exchange Traded Fund and choose the correct on...........

Economic Affairs Financial Markets

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Consider the following statements about BHARAT 22 ETF (Exchange Traded Fund) and choose the correct one/s

1. It is a part of Government of India’s Disinvestment programme.

2. SBI mutual Fund has been given the responsibility to manage this fund.

Code

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 only

It is a part of the Government of India’s Disinvestment programme. (Correct - BHARAT 22 ETF is indeed a part of the Government of India's disinvestment program, aiming to divest its stake in selected CPSEs, strategic holdings, and the Specified Undertaking of the Unit Trust of India (SUUTI).)

SBI Mutual Fund has been given the responsibility to manage this fund. (Incorrect - The management of BHARAT 22 ETF is done by ICICI Prudential Mutual Fund, not SBI Mutual Fund.)

So, the correct combination is "1 only," which corresponds to option 1.

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