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      Question

      Banks shall maintain the stock of gold at least equivalent to the gold redemption due in the next how many months out of the gold mobilized under MLTGD?

      A 1 month Correct Answer Incorrect Answer
      B 2 months Correct Answer Incorrect Answer
      C 3 months Correct Answer Incorrect Answer
      D 4 months Correct Answer Incorrect Answer
      E 6 months Correct Answer Incorrect Answer

      Solution

      Banks are required to maintain the stock of gold at least equivalent to the gold redemption due in the next 3 months out of the gold mobilized under the Medium and Long-Term Government Deposit scheme. This ensures that banks have sufficient gold reserves to meet redemption requests.

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