Question

Which of the following state becomes the first State to Introduce Uniform Gold Price Based on Bank Rate?

A Karnataka Correct Answer Incorrect Answer
B Kerala Correct Answer Incorrect Answer
C Tamil Nadu Correct Answer Incorrect Answer
D Maharashtra Correct Answer Incorrect Answer
E Gujarat Correct Answer Incorrect Answer

Solution

Kerala becomes the first state in India to launch uniform gold prices based on the bank rate. The decision to introduce a uniform price on 916 purity 22-carat gold has been taken at a meeting between officials of Malabar Gold and Diamonds and key members of the All Kerala Gold and Silver Merchants Association.

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