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Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. · The Bonds are issued in denominations of one gram of gold and in multiples thereof. · The Bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. · The tenor of SGBs is 8 years , with exit options available in the 5th, 6th, and 7th years. · the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.
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The price of an article marked at 30% above cost price is sold at a profit of 25%. If it were to be sold at a discount of 25%, ind the percentage decrea...
By selling a bike for Rs. 45000, Abhishek incurs a loss of Rs. 5000. Find the loss %.
Two items, ‘X’ and ‘Y’, were each sold for Rs. 2500. Item ‘X’ was sold at a 20% loss, while Item ‘Y’ was sold at a 25% profit. If the av...
A sold 20% more apples than B. Ratio of number of apples sold by B to number of apples sold by C is 8:9. Find the number of apples sold by A if number o...
Priya sold an article at 20% profit. If the profit percentage had been numerically equal to CP, then the profit earned would have been 100% more. Find t...
A shopkeeper bought an article for Rs. 180. He sold it at profit 30% after allowing a discount of 40%. If instead he had sold it at 20% discount, then f...
A bag of cost price of Rs. 6000 is marked up by a certain percentage, and a discount percent of twice the markup percent is offered on it. If there is a...