Question

In recent times, the term Gold ETF was making news. Which among the following closest instrument to Gold ETF?
[A]Debenture
[B]G-Sec security
[C]Mutual Fund
[D]Commercial Paper

Answer and elaborate

Answer 1

It is Mutual Fund which is closest istrument to Gold ETF because the price of the gold is completely  based on the value of the ETF.

Answer 2

Mutual Fund -  is the answer.