Question
What is the tenor of Sovereign Gold Bonds (SGBs) issued
by the Government of India?Solution
Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. ·        The Bonds are issued in denominations of one gram of gold and in multiples thereof. ·        The Bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. ·        The tenor of SGBs is 8 years , with exit options available in the 5th, 6th, and 7th years. ·        the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.
A man first travels 140 km at 70 km/hr and next 140 km at 35 km/hr. The average speed for the first 280 km of his travelling is:
Driving at 3/5 of my original speed I am 4 hours late for my office. What is my original time taken (km/h)?
The speed of a bike increases by 4 km/hr after every 1 hour. If the distance travelled by the bike in 1st hour is 30 km, the find the total distance tra...
A can complete a task in 20 days, and B can complete the same task in 25 days. If A works for 6 days and then leaves, in how many days will B complete t...
A man travelled a total distance of 400 km. He travelled first 300 km on car with a speed of 60 km/h and rest of the distance on bike whose speed is 40 ...
A bike covers a certain distance in 1.8 hours while moving at a speed of 80 km/h. Later, due to traffic, the speed decreases and it takes 2 hours to cov...
A train takes 46 seconds to cross the 214 m long bridge. If the same train takes 23 seconds to cross a signal board, tell the length of the train. (In m...
Average speed of ‘A’ during a 20-hour journey is 24 km/h. If he covered the first 320 km of his journey at a speed of 20 km/h, then find the speed a...
A person travels from point A to point B at a speed of 60 km/h and returns to point A at a speed of 80 km/h. He spends 2 hours less on the return journe...
A man is travelling at a speed of 60 km/h such that he will take 80 minutes to reach his destination. But after completing half the journey, the man too...