Important Facts For Prelims
Important Facts for Prelims (12th November 2018)
- 12 Nov 2018
- 2 min read
Oumuamua
- Oumuamua is the first Interstellar Object ever tracked by humans in the solar system.
- It was tracked by Panoramic Survey Telescope and Rapid Response System (Pan-STARRS) instrument in Maui, Hawaii in October 2017.
- Oumuamua is a Hawaiian word meaning “scout” or “a messenger sent from far to reach out to us”.
- Scientists have concluded that Oumuamua is a reddish-brown rock shaped like a cigar — about 800 m long and 80 m wide.
New PSU’s Included in CPSE ETF
- Ministry of Finance recently included four public sector undertakings (PSUs) NTPC, NLC India, SJVN and NBCC in the list of Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF).
- CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 PSUs -- ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India.
Exchange Traded Funds (ETF)
- ETFs are index funds that are listed and traded on stock exchanges just like regular shares.
- They are a basket of stocks with assigned weights that reflect the composition of an index.
- The ETFs trading value is based on the net asset value of the underlying stocks that it represents.
- They enable investors to gain broad exposure to entire stock markets in different countries and specific sectors with relative ease, on a real-time basis and at a lower cost than many other forms of investing.
- The ETF is aimed at helping speed up the government’s disinvestment programme.
Bharat 22 ETF
- Bharat 22 ETF comprises of stocks of 22 Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs) and Specified Undertaking of Unit Trust of India (SUUTI).
- Bharat 22 ETF is managed by ICICI Prudential Mutual Fund.
- The foundation of Bharat 22 ETF was laid by the government in the Union Budget 2017.
