What is the primary difference between Exchange Traded Funds (ETFs) and mutual funds in terms of trading?

"ETFs can be traded on an exchange, while mutual funds cannot." "Mutual funds are actively managed, while ETFs are passively managed." "ETFs are primarily focused on bonds, while mutual funds focus on stocks." "Mutual funds have higher expense ratios compared to ETFs."

What is a Fund of Funds (FOF)?

"A fund that invests in a single, high-performing mutual fund." "A fund that directly invests in stocks and bonds based on a specific index." "A fund that invests in a variety of other mutual fund schemes." "A fund that exclusively invests in international securities."

How is the price of an ETF determined?

"By its Net Asset Value (NAV) calculated at the end of the trading day." "By the average price of the underlying securities in the ETF basket." "By its market price, similar to how stocks are traded on an exchange." "By a fixed price set by the fund manager based on the ETF's performance."

Which of the following is a characteristic of ETFs compared to FOFs?

"Lower liquidity" "Higher expense ratios" "Active management style" "Greater tax efficiency"

How are long-term capital gains from Equity ETFs taxed in India?

"Taxed at 15% regardless of the gain amount." "Exempted from tax for gains up to INR 1 lakh, then taxed at 10% for gains exceeding that amount." "Taxed at 20% with indexation benefits." "Added to the investor's annual income and taxed according to the applicable income tax slab."