Important Facts for Prelims (12th November 2018) | 12 Nov 2018

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.

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.