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 Reserve Bank of India (RBI) has notified that nearly 97.38 per cent of the Rs 2,000 bank notes have been returned to the banking system. According t...
“Hitonpay Lifecare” is a _________.
What was the headline Consumer Price Index (CPI) inflation rate noted in the RBI’s March 2025 bulletin?
Which country became the first central European country to legalize same-sex marriage?
When was the BrahMos Aerospace Testing Facility inaugurated in Lucknow?
How much dividend did the State Bank of India pay to the government for the financial year 2023-24?
What was the main goal of the International Humanitarian Conference for Sudan & Its Neighbours held in Paris?
Which organization recently received approval from the Reserve Bank of India (RBI) to commence asset reconstruction operations in the fiscal year 2024-2...
What is the focus of the book "Xi: A Study in Power" by Kerry Brown?
Which state is known for the folk dance 'Dhamyal'?