Join ExamsbookAnswer : 4. "Net Asset Value"
'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?5
Q: 'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?
- 1Nil Accounting Variationfalse
- 2New Asset Venturefalse
- 3Net Accounting Venturefalse
- 4Net Asset Valuetrue
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Answer : 4. "Net Asset Value"
Explanation :
Answer: D) Net Asset Value Explanation: Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.