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Start learning 50% faster. Sign in nowStatement I is correct-: The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds in tranches for 2022-23. Statement II is incorrect-: Bonds are sold through Commercial banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents. Statement III is correct -: Bonds can be used as collateral for loans. The capital gains tax arising on redemption of SGB to an individual has been exempted.
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A principal amount is invested at an annual simple interest rate of R%, growing to Rs. 9,500 over 5 years and Rs. 13,100 over 9 years. Calculate the tot...
Suppose an investment of Rs. 20,000 is made in a financial scheme where the interest is compounded annually. The interest rate for the first year is 12%...
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