Multiple choice general knowledge

SIP9 (In the context of Mutual Funds)

  1. Systematic Investment Plan

  2. Scheduled Interest Plan

  3. Specific Insurance Plan

  4. Special Income Plan

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A Correct answer
Explanation

SIP stands for Systematic Investment Plan in the context of mutual funds. It is an investment strategy where investors invest a fixed amount regularly at predefined intervals, promoting disciplined investing and rupee cost averaging.