Question
What does the acronym "SGB" stand
for? Refer to the following information to answer the next 4 questions (Q23 to Q26) The Indian government has introduced a unique investment opportunity linked to the value of gold, aimed at reducing the physical demand for the precious metal and promoting financial savings. This investment option is available in electronic form and is designed to provide both a fixed interest income and the potential for capital appreciation based on the prevailing market price of gold. The bonds can be held by individuals, trusts, and other eligible entities, offering a safer and more cost-effective alternative to holding physical gold. Investors are required to meet certain minimum investment criteria, and the bonds come with a specified tenure during which they are held. These bonds are also eligible for trading on stock exchanges, providing liquidity to investors. Currently, the Reserve Bank of India (RBI) has raised funds equivalent to 139 tonnes of gold through SGBs, which is alarming when compared to the 822 tonnes of gold reserves held by the Central Bank. SGBs now account for 17% of India's gold reserves—a significant portion without physical backing.Solution
SGB stands for Sovereign Gold Bonds, which are government-issued securities linked to the value of gold.
Despite China’s objections for Indian investment (A)/ in Vietnam’s oil and gas sector, (B)/ India and Vietnam are looking to scaled up energ...
Find the appropriate ERROR
In the sentences, there is an error. Pick the option containing error as the answer.
P. We lived in very small groups, about 50 people, groups...
In the question below, three sentences are given, each divided into four parts, which may or may not contain grammatical errors. From the options, choos...
The Chairman and the Managing Director Mr Prabhakar attributed the almost flat performance to higher deposit costs, slower credit off take and stressed ...
Farmers organisations has (1)/also been complaining about (2)/scarcity of fertilizers and (3)/increase in its price (4).
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option...
We are going to launch this three crores project within the next few months.
Looking radiant in all frames, Gita’s video (A)/threw up a pleasant surprise when (B)/ she is shown playing a game of cricket.(C)/ No error (D)
Rama has(A)/ no taste(B)/ in classical music.(C)/ No error(D)