Exams › IBPS PO › General Awareness

An ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. What is the meaning of "L" in ELSS?

1. Least
2. Linked
3. Lose
4. Level

Correct answer: Linked

Solution

ELSS stands for Equity-Linked Savings Scheme. Here, the letter "L" refers to "Linked" because the scheme is linked to equity investment and tax-saving benefits.

Related IBPS PO General Awareness questions

• Statement: The Blue Whale Challenge is reportedly a suicide game in which the player is given certain tasks to complete over a period of 50 days, and the final task leads him or her to commit suicide. Taking a serious view of the Blue Whale Challenge game, the Madras High Court directed the Central and Tamil Nadu governments to explore possibilities of banning it. (I) The Bengal government is planning to introduce a separate chapter on "Responsible use of Internet" in the school syllabus in view of regular reports of school children in the state becoming victims of the deadly online game. (II) The judges suggested to the state DGP and Home Secretary that severe warning be issued to those who shared the "dangerous" online game with others. (III) The court stressed the need for creating awareness among students against playing such "dangerous" online games in educational institutions. The bench also said monitoring should be intensified to prevent further spread of the game through sharing. (IV) The state government will conduct workshops in different schools throughout the state to counsel students on the danger of playing games like Blue Whale either online or through mobile applications. Which of the following will be the preventive course of action for reducing the impact of the suicide game menace?
• Which of the following can be inferred in the context of the phrase “queued the pitch”, as highlighted in the above passage?
• Which of the following situations can be related to stagflation, as mentioned in the above passage?
• What can be the possible inference drawn from the statement “Happiness is the end goal”, as highlighted in the above passage?
• What measures did Sperling suggest to achieve economic dignity?
• The author is in line with which of the following views?

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →