Which of the following statements is are correct Nifty is based on 50 companies in India Nifty is go...........

Finance Financial Markets

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Which of the following statements is/are correct?

Nifty is based on 50 companies in India
Nifty is governed and regulated by the Reserve Bank of India
Nifty deals with futures and options

Select the correct answer using the codes given below:

1 only

2 only

3 only

1 and 3

Explanation:

Nifty is owned and managed by India Index Services and Products (IISL), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. IISL had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013.