According to the latest data released by the Association of Mutual Funds in India (AMFI) which state is the top in mutual fund penetration in India?

Daily Current Affairs

New Delhi

Maharashtra

Goa

Andhra Pradesh

Correct Answer : Maharashtra

According to latest data, released by Association of Mutual Funds in India (AMFI), Maharashtra (60), New Delhi (42), and Goa (28) have the maximum MF penetration in India.

Reason : High income levels, Higher literacy rates, and Substantial inflows from corporations and high-networth individuals (HNIs).

* While Jharkhand is one of the top 10 states with 13%.

* AMFI determines MF penetration as the ratio of state assets managed by MFs to their Gross State Domestic Product..

Source : Business Standard

Published On : November 9, 2022

Recently Updated Current Affairs

Q .

When is National Panchayati Raj Day observed?

April 22

April 23

April 24

April 25

Correct Answer : Option (C) - April 24

National Panchayati Raj Day is observed on April 24th every year to commemorate the establishment of the Panchayati Raj system in India.

This system, introduced through the 73rd Constitutional Amendment Act in 1993, empowers local self-governing bodies at the village level, known as Gram Panchayats, promoting participatory democracy and inclusive development.

Published On : April 24, 2024

Q .

Which country appointed Col Edison Napyo as its first Defence Advisor to India?

Fiji

Maldives

Vanuatu

Papua New Guinea

Correct Answer : Option (D) - Papua New Guinea

Papua New Guinea appointed Col Edison Napyo as its first Defence Advisor to India, marking a significant development in bilateral relations between the two countries.

The appointment underscores the warm and friendly relations enjoyed by India and Papua New Guinea, which formalized diplomatic ties in 1976.

Port Moresby serves as the capital of Papua New Guinea, and the currency used is the Papua New Guinean Kina.

Published On : April 24, 2024

Q .

Who has been appointed as the first woman Vice-Chancellor of Aligarh Muslim University (AMU)?

Dalip Tahil

Naima Khatoon

Irfan Habib

Sultan Jahan

Correct Answer : Option (B) - Naima Khatoon

Professor Naima Khatoon has been appointed as the first woman Vice-Chancellor of Aligarh Muslim University (AMU), breaking a century-old glass ceiling.

This historic appointment is significant, representing a step towards inclusive leadership and showcasing the government's commitment to empowering women in leadership roles.

Published On : April 24, 2024