Multiple choice general knowledge

What is ELSS?

  1. Equity Linked Saving Scheme

  2. Equal Linked Saving Scheme

  3. Equity Linked Selling Scheme

  4. Equity Like Saving Scheme

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

ELSS stands for Equity Linked Saving Scheme, which is a tax-saving investment instrument in India that invests primarily in equities. Option B is incorrect because 'Equal' doesn't describe the scheme. Option C is wrong because it's not about 'selling'. Option D has 'Like' which is grammatically and conceptually incorrect.