Question

What was the primary focus of the new RBI directive regarding gold hedging?

Q: Answer-What was the primary focus of the new RBI directive regarding gold hedging?

The RBI directive expanding hedging options was primarily aimed at facilitating more efficient risk management for entities dealing with gold price exposure, giving them additional flexibility in hedging strategies.

A To increase gold reserves in banks

B To stabilize the Indian Rupee

C To facilitate more efficient risk management for entities dealing with gold price exposure

D To curb illegal gold trading

E To promote gold as the main form of currency

Practice Next

More GK Miscellaneous Questions

Recently PM launched “PM-Shri” Yojana, it is associated with?
What is the official language of Brazil?
Which country has set the record of having the longest passenger train in the world?
On 22nd October, 2022, the state’s chief minister Pinarayi Vijayan of Kerala has launched ‘Kunjapp’ to prevent ____________?
Xiomara Castro was sworn in as the first woman president of ______________.
In Uttar Pradesh, King George Medical College was established in 1911 in?
What instrument is used for measuring area on maps?
National Sugar Institute is located in which district of Uttar Pradesh?
The Export-Import Bank of India (India Exim Bank) projects India’s merchandise exports to reach how much in Q2 FY2025?
Who are the fund managers for the Motilal Oswal Nifty India Defence Index Fund?

Relevant for Exams:

SEBI Grade A
SEBI Grade A IT

Hey! Ask a query

What was the primary focus of the new RBI directive regarding gold hedging?

Detailed Solution

More GK Miscellaneous Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login