Question

Consider the following statements with respect to

Q: Answer-Consider the following statements with respect to Sovereign gold bonds (SGBs): 1.Sovereign gold bond...

SGBs are issued for a fixed time, which is announced by the Reserve Bank of IndiaRBI. A holding certificate is given to the investors after purchasing the bond. The minimum holding is 1 gram, and the maximum is 4 kg per investor per financial year. Individuals, as well as the Hindu Undivided Family HUFs can invest in the sovereign gold bond for as low as one gram and as much as 4kg. However, the maximum investment for trusts and similar businesses is 20kgs.

Sovereign gold bonds (SGBs): 1.Sovereign gold bonds (SGBs) are issued for a fixed time, which is announced by the State Bank of India. 2.The minimum holding is 1 gram, and the maximum is 5 kg per investor per financial year. 3.Only individuals can invest the sovereign gold bonds. Which of the statement/s given above is/are not correct?

A 1 and 2 only

B 2 and 3 only

C 1 and 3 only

D All of the above

Practice Next

More Monthly Quiz General Awareness Questions