Question
Consider the following statements about Sovereign Gold
Bond Scheme I. These are issued by the Reserve Bank of India (RBI) on behalf of the Government of India. II. Bonds are sold only through National Stock Exchange of India Limited and Bombay Stock Exchange. III. Bonds can be used as collateral for loans. Which of the following is/are incorrect statements:Solution
Statement I is correct-:Â 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-:Â 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.
An unfavourable material usage arises because of:
Which category of banks has the highest Priority Sector Lending (PSL) target as a percentage of Adjusted Net Bank Credit (ANBC)?
Financial management is generally concerned with the procurement, allocation and control of financial resources of a concern. Its objectives can be:
...A general insurance company reports the following:
• Premium earned: ₹100 crore
• Claims paid: ₹70 crore
• Claims outstan...
Debentures of ₹5,00,000 are redeemed at 5% premium. Redemption fund has ₹4,50,000. Balance is met by fresh issue of equity shares. Fresh issue requi...
Which of the following errors will not affect the trial balance?
Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than ______, except ...
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation?Â
In the PM Vishwakarma Scheme, artisans are provided with a toolkit grant of how much?
A company’s debt-to-equity ratio is 3:1, and it faces a high interest burden. What does this suggest about the financial structure?
