Question

According to the RBI the amount of discount provided on the Sovereign Gold Bond is?

A Rs 30 per gram Correct Answer Incorrect Answer
B Rs 100 per gram Correct Answer Incorrect Answer
C Rs 50 per gram Correct Answer Incorrect Answer
D Rs 40 per gram Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

As stated by the Reserve Bank of India, the issue price of the Gold Bonds will be Rs 50 per gram less than the nominal value to those investors applying through digital mode.

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