Question
Consider the following statements regarding the Sovereign Gold Bonds (SGBs) : They are substitutes for holding physical gold in which Investors have to pay the issue price in cash and the bonds will be redeemed in gold on maturity. The Bonds are issued in denominations of one gram of gold and in multiples thereof, and there is no minimum or maximum investment limit of subscription. These securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBF
- C . Which of the statements given above is /are correct?
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