Question
Consider the following statements regarding the Sovereign Gold Bond Scheme- I.Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched in November ,2016. II. The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. III. The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts IV. Sovereign Gold Bonds 2023-24 (Series I
- I will be opened for subscription during the period September 11-15, 2023. The issue price of the Bond during the subscription period shall be Rs. 5,875. Which of the above statements is/are true ?
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