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    Question

    Which of the following is not correct about Sovereign

    Gold Bond (SGB)?
    A SGBs are government securities denominated in grams of gold. Correct Answer Incorrect Answer
    B There may be a risk of capital loss if the market price of gold declines. Correct Answer Incorrect Answer
    C Joint holding is not allowed. Correct Answer Incorrect Answer
    D The application on behalf of the minor has to be made by his/her guardian. Correct Answer Incorrect Answer
    E Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Correct Answer Incorrect Answer

    Solution

    Joint holding is allowed.

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