Consider the following statements about the Nifty 500 Ahimsa Index: 1. It seeks to provide a benchmark for investors who wish to invest in companies with ethical and animal-friendly business practices. 2. The index has a base date of 1 April 2026 and a base value of 1000. Which of the statements given above is/are correct? |ForumIAS

Q. Consider the following statements about the Nifty 500 Ahimsa Index:
1.It seeks to provide a benchmark for investors who wish to invest in companies with ethical and animal-friendly business practices.
2.The index has a base date of 1 April 2026 and a base value of 1000.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation: 1 only

Statement 1 is correct: Nifty 500 Ahimsa Index aims to track the performance of Nifty 500 stocks that are selected based on the principles of Ahimsa (non-violence). It seeks to provide a benchmark for investors who wish to invest in companies with ethical and animal-friendly business practices.

Statement 2 is incorrect: The index has a base date of 1 April 2016 and a base value of 1000.

Source: IE

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS