Question

What is the name of the instrument launched in late 2012 to attract retail investors toward equity investments and provide the option to save on taxes?

a.

ELSS (Equity Linked Savings Scheme)

b.

MFIP (Mutual Fund Investment Plan)

c.

RGESS (Rajiv Gandhi Equity Savings Scheme)

d.

SIP (Systematic Investment Plan)

Answer: (c).RGESS (Rajiv Gandhi Equity Savings Scheme) Explanation:A new instrument launched in late 2012 to attract retail investors toward equity investments is called Rajiv Gandhi Equity Savings Scheme (RGESS).

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Q. What is the name of the instrument launched in late 2012 to attract retail investors toward equity investments and provide the option to save on taxes?

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