Multiple choice general knowledge

What is full form if NAV?

  1. Net Assetment Value

  2. Nill Asset Value

  3. No Asset Value

  4. Net Asset Value
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

NAV stands for Net Asset Value, which represents the value of a fund's assets minus its liabilities, divided by the number of outstanding units. Option A is incorrect because 'Assetment' is not a word. Option B has 'Nill' which is misspelled (should be 'Nil'). Option C is incorrect because funds do have assets.

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