Consider the following statements about quot Bharat 22 quot Exchange Traded Fund and choose the corr...........

Economic Affairs Financial Markets

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Consider the following statements about "Bharat 22" Exchange Traded Fund and choose the correct one/s

1.The fund will be managed by ministry of Finance.

2.Bharat 22 consists of 22 stocks.

3.It will be used as a vehicle for further disinvestment of shares.

Code:

1 and 2 only

1 and 3 only

2 and 3 only

All the above

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Explanation:

2 and 3 only

The first statement is incorrect. The Bharat 22 Exchange Traded Fund (ETF) is not managed by the Ministry of Finance directly. It is managed by an appointed asset management company (AMC) which oversees the fund's operations and investments.

The second statement is correct. The Bharat 22 ETF consists of 22 stocks from public sector undertakings (PSUs), public sector banks (PSBs), and other government organizations.

The third statement is correct. The Bharat 22 ETF is indeed used as a vehicle for further disinvestment of shares. It provides an opportunity for the government to divest its stake in the included companies and raise funds for various purposes.

Therefore, only statements 2 and 3 are correct

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