Question
Consider the following statements: 1. Gold
exchange traded funds are better for tax saving as compared to physical gold. 2. Increase in investment in gold ETF will increase the current account deficit. Which of the statements given above is/are correct?Solution
• Statement 1 is correct: Gold ETF, or Exchange Traded Fund, is a commodity-based Mutual Fund that invests in assets like gold. These exchangetraded funds perform like individual stocks and are traded similarly on the stock exchange. Exchange-traded funds represent assets, in this case, physical gold, both in dematerialised and paper form. • Some of the benefits of investing in Gold ETF funds are: Easier trading è No entry or exit loads Less Market Risk Tax benefits – Other than capital gains tax, gold exchange traded funds do not attract VAT, Securities Transaction Tax or Value Added Taxes, allowing an individual to save taxes on their investment. Usage as collateral • Statement 2 is incorrect: Also investment in gold ETF will help decrease the current account deficit as gold imports will reduce.
Select the option that is related to the third term in the same way as the second term is related to the first term.
SZ : RA :: IL :
Statement: The government has raised import duty on a slew of electronic products, including mobile phone, television sets, digital cameras and microwa...
Read the given statements and decide which of the conclusions given in the options logically follow from the statements.
Statements:
I. ...
If all the digits of the number ‘869534172’ are arranged in ascending order from left to right, what will be the product of the fifth from the right...
Find which one of the given words can be made from the letters of the given word.
‘ MOBILIZE ’
...What is the code for ‘thought your positive’?
Seven persons A, B, C, D, E, F, and G are sitting in a straight line, facing North. Only two people sit to the left of A. Only three people sit between ...
In a code language, ' SLAIN ' is written as ‘ PKCNU ’ and ' DENT ' is written as ' VPGF '. How will ' CUBOID ' be written in that language?
...Select the figure from the options that can replace the question mark (?) and complete the pattern.
Six boxes labelled L, M, N, O, P, and Q, are arranged vertically from top to bottom. The top position is considered the 1st position, whereas the bottom...
Relevant for Exams:
