Question

    Consider the following statements in relation to

    Sovereign Gold Bond: not correct 1.    To be issued by RBI on behalf of the Government of India 2.    The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 10 grams 3.    Minimum permissible investment will be 10 gram of gold   Which of the following statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 & 3 Correct Answer Incorrect Answer
    E All Correct Answer Incorrect Answer

    Solution

    Only statement 1 is correct To be issued by Reserve Bank India on behalf of the Government of India. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and Minimum permissible investment will be 1 gram of gold.

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