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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.

B There may be a risk of capital loss if the market price of gold declines.

C Joint holding is not allowed.

D The application on behalf of the minor has to be made by his/her guardian.

E Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB.

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