6. "Mutual Funds reported exceptional performance in 2009-10" was the news in major financial news papers recently. What is a mutual fund? 1. A type of collective investment scheme that pools money from many investors and invest it in stocks, bonds or other money market instruments. 2. It is a subsidiary of a bank or financial company created specially to raise money to be invested in a particular industry i.e. housing or insurance etc. The money raised thus cannot be invested anywhere else. 3. When several Banks and financial companies come together and create a common pool of money to fund mega infrastructural project like bridges, roads, power plants etc. the common pool is known as Mutual Fund. - (a) Only 1 (b) Only 2 (c) Only 3 - (d) All 1, 2 and 3 (e) None of these Get answers at iaspaper.org.in/2013/06/model-test-12.html
Posted on: Tue, 02 Jul 2013 09:00:27 +0000