Question
The Indian government recently reduced the customs duty
on gold. What is the new customs duty rate? 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 reservesāa significant portion without physical backing.Solution
Finance Minister Nirmala Sitharaman in Budget 2024 on July 23, proposed to cut custom duty on gold and silver to 6%.
Which of the following is a hexaploid species of wheat?Ā
Which one of the following statements is incorrect with respect to microbial enzymes?
Food Safety and Standards Authority of India has set up a scientific panel on
Powdery Mildew of fungi belongs to order
Ā The irrigation water contains CO2ZHCO3, Ca++ and Mg++ ion 1, 4, 2.5 & 1.5. Calculatethe RSC (residual sodium carbonate) in irrigation water ...
Botulism is an example or type of
Diffused radiation contains____ percent of photosynthetically active radiation.
Under Section (43)2 of the FSS Act 2006 the FSSAI has notiļ¬ed how many laboratories in September 2017:
Agrobacterium is widely used for gene transfer because
Dehradun-based Indian Institute of Petroleum has pilot tested to convert used cooking oil into:
