Question
Consider the following statements regarding the
Sovereign Gold Bond Scheme- I.Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched in November ,2016. II. The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. III.The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trus Which of the above statements is/are true ?Solution
Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched in November 2015. To buy the gold bonds, the investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. ·     The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. ·     The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. ·     Minimum permissible investment will be 1 gram of gold. The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) year
The ratio of the present ages of ‘A’ and ‘B’ is 4:5, respectively. After 8 years, the ratio of their ages will become 5:6. The sum of the presen...
The ratio of two numbers P and Q is 6: 11 respectively. When 5 is added to P and 84 is subtracted from Q, then the ratio of P and Q becomes 5: 2 respect...
The ages of X and Y are in the proportion of 6: 5 and the total of their ages is 66. The proportion of their ages after 4 years will be:
Rs 1215 is divided among 6 men, 5 women and 3 boys so that the share of a man, a woman and a boy may be in the ratio of 5:6:7. What is the share ...
The price of sugar is increased by 15%. If the expenditure is not allowed to increase, the ratio between the reduction in consumption and the original c...
If 'T' is the prime number 11, then find the fourth proportion of (T + 1), (T - 5) and (T + 3).
The ratio of two numbers is 2:5. If each number is decreased by 4, the ratio becomes 3:8. Find the smaller numbers.
- The mean proportional of 10 and 40 is _____.
A quantity x is directly proportional to another quantity y. When x = 56, then y = 28. When y = 45, then find the value of x.
90 percent of first number is equal to 40 percent of the second number. What is the respective ratio of the first number to the second number?
Relevant for Exams:
