Question
Identify the correct statement(s) regarding the RBI and
gold imports: 1. The RBI is exempt from paying import levies on gold. 2. The total gold reserves of the RBI as of September 2023 were more than 500 tonnes. 3. The RBI's gold is stored exclusively within India.Solution
• India has allowed its central bank to import gold without paying import levies. • Gold importers from the world's second biggest gold consumer need to pay basic customs duty and Agriculture Infrastructure and Development Cess (AIDC). • As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes. • Of that, 388.06 tonnes is held overseas and 372.84 tonnes is held domestically, according to the RBI's latest reserve management report. Learn Along About RBI Founded: 1 April 1935                  Headquarters: Mumbai                   Governor: Shaktikanta Das
Consider the following statement about Urban Infrastructure Development Fund (UIDF):
                     I.       ...
How Many statements about the Philippines and ILO convention is/are correct?
1. The Philippines ratified the Violence and Harassment Convention 2...
Where was the 9th edition of the India International Science Festival inaugurated?
According to S&P Global Ratings, what is the projected GDP growth for India by the year 2026?
Which country recently entered into an agreement with India concerning the operations and maintenance of the Barakah Nuclear Power Plant?
According to the RBI’s consumer confidence survey, what is the projected retail inflation rate for 2026–27?
The ozone layer is found in which layer of the atmosphere?
B S Patil recently sworn in as Lokayukta of which state?
What is the name of the RBI initiative launched in 2025 to tokenize assets and improve market efficiency?
Which ministry will conduct the All-India Debt and Investment Survey and the Situation Assessment Survey of Agricultural Households during July 2026–J...
Relevant for Exams:
