{"id":33265,"date":"2024-04-15T09:14:02","date_gmt":"2024-04-15T09:14:02","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=33265"},"modified":"2024-04-15T09:14:02","modified_gmt":"2024-04-15T09:14:02","slug":"which-of-the-following-statements-is-are-correct-1-nifty-is-based-on-50-companies-in-india-2-nifty-is-governed-and-regulated-by-the-reserve-bank-of-india-3-nifty-deals-with-futures-and-options","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-statements-is-are-correct-1-nifty-is-based-on-50-companies-in-india-2-nifty-is-governed-and-regulated-by-the-reserve-bank-of-india-3-nifty-deals-with-futures-and-options\/","title":{"rendered":"Which of the following statements is\/are correct? 1. Nifty is based on 50 companies in India. 2. Nifty is governed and regulated by the Reserve Bank of India. 3. Nifty deals with futures and options. Select the correct answer using the options given below:"},"content":{"rendered":"

[amp_mcq option1=”1 only” option2=”2 only” option3=”3 only” option4=”1 and 3″ correct=”option4″]<\/p>\n

The correct answer is D. 1 and 3.<\/p>\n

Nifty is a stock market index of 50 companies listed on the National Stock Exchange of India (NSE). It is a market-capitalization-weighted index, which means that the companies with the largest market capitalization have the greatest weight in the index. Nifty is widely used as a benchmark for the Indian stock market.<\/p>\n

The Reserve Bank of India (RBI) is the central bank of India. It is responsible for formulating and implementing monetary policy, regulating the financial system, and issuing currency. The RBI is not directly involved in the governance or regulation of Nifty.<\/p>\n

Nifty does deal with futures and options. Futures contracts are agreements to buy or sell a particular asset at a specified price on a specified date in the future. Options contracts are agreements to buy or sell a particular asset at a specified price, but only if the buyer of the option chooses to do so. Nifty futures and options contracts are traded on the NSE.<\/p>\n

Here is a brief explanation of each option:<\/p>\n

    \n
  1. Nifty is based on 50 companies in India. This is correct. Nifty is a stock market index of 50 companies listed on the National Stock Exchange of India (NSE).<\/li>\n
  2. Nifty is governed and regulated by the Reserve Bank of India. This is incorrect. The Reserve Bank of India (RBI) is the central bank of India. It is responsible for formulating and implementing monetary policy, regulating the financial system, and issuing currency. The RBI is not directly involved in the governance or regulation of Nifty.<\/li>\n
  3. Nifty deals with futures and options. This is correct. Nifty futures and options contracts are traded on the NSE.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    [amp_mcq option1=”1 only” option2=”2 only” option3=”3 only” option4=”1 and 3″ correct=”option4″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33265","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\nWhich of the following statements is\/are correct? 1. Nifty is based on 50 companies in India. 2. Nifty is governed and regulated by the Reserve Bank of India. 3. Nifty deals with futures and options. 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