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    Question

    In 2023-24 (FY24), how much worth of sovereign gold

    bonds (SGBs) did the Reserve Bank of India sell, marking the highest-ever response to the instrument since its introduction in November 2015?
    A 34.3 tonnes Correct Answer Incorrect Answer
    B 44.3 tonnes Correct Answer Incorrect Answer
    C 54.3 tonnes Correct Answer Incorrect Answer
    D 64.3 tonnes Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In 2023-24 (FY24), the Reserve Bank of India sold sovereign gold bonds (SGBs) worth 44.3 tonnes, marking the highest-ever response to the instrument since its introduction in November 2015. In terms of value, with SGBs valued at $3.26 billion in FY24, it is expected to save 7-8 per cent of the country’s annual import bill for the precious yellow metal.

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