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    Question

    The Indian gold investment market is governed by

    different authorities based on the product type. Which of the following combinations correctly identifies the primary regulator forĀ Sovereign Gold Bonds (SGB)Ā andĀ Gold Exchange Traded Funds (ETF)Ā respectively?
    A SEBI; SEBI Correct Answer Incorrect Answer
    B Government of India; SEBI Correct Answer Incorrect Answer
    C RBI; SEBI Correct Answer Incorrect Answer
    D RBI; RBI Correct Answer Incorrect Answer
    E Government of India; RBI Correct Answer Incorrect Answer

    Solution

    Sovereign Gold BondsĀ are government securities issued by theĀ Reserve Bank of India (RBI)Ā on behalf of the Government of India. Conversely,Ā Gold ETFsĀ are structured as mutual funds that invest in physical gold and are strictly regulated by theĀ Securities and Exchange Board of India (SEBI).

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