With reference to the Niveshak Shivir initiative, consider the following statements: 1. It is a nationwide investor outreach program aimed at facilitating the recovery of unclaimed dividends and shares. 2. It has been launched by the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Finance, in collaboration with SEBI. Which of the statements given above is/are correct? |ForumIAS

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[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

Explanation:

Statement 1 is correct: Niveshak Shivir is designed to assist investors in reclaiming unclaimed dividends and shares.
Statement 2 is incorrect: The initiative is launched by the IEPFA under the Ministry of Corporate Affairs, not the Ministry of Finance.

Source– PIB