Economics · Indian Financial System
Which of the following statements regarding the regulatory framework and specialized financial products in the Indian financial system are correct? 1. Qualified Institutional Placement (QIP) is a primary market mechanism that provides listed companies with a fast and flexible route to raise capital from Qualified Institutional Buyers (QIBs). 2. Equity Linked Savings Schemes (ELSS) are specific equity-oriented mutual fund schemes that offer tax-saving benefits to investors under Section 80C of the Income Tax Act. 3. The Pradhan Mantri Fasal Bima Yojana (PMFBY) is a government-subsidized general insurance scheme that provides coverage for yield loss, weather-related risks, and sowing losses for crops. 4. To facilitate consumer protection, the Insurance Regulatory and Development Authority of India (IRDAI) utilizes an Integrated Grievance Management System (IGMS) and maintains Insurance Ombudsman offices across India.
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