Consider the following statements regarding the Sovereign Gold Bonds (SGBs) :
Which of the statements given above is /are correct?
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 the Reserve Bank on behalf of the Government of India. The quantity of gold for which the investor pays is protected since he receives the ongoing market price at the time of redemption/ premature redemption. The Bonds are issued in denominations of one gram of gold and in multiples thereof. The minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year. These securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be the same as applicable to ordinary gold loans prescribed by RBI from time to time.
What percentage of India's total monthly crude oil demand is currently being fulfilled by Russia?
In which of the following regions is plantation agriculture largely practiced?
According to the Food and Agriculture Organization (FAO), India is the largest producer of ________?
When is the Birsa Munda Birth Anniversary celebrated in India?
Who was the first foreigner to receive Bharat Ratna Award, the highest civilian award of the Republic of India?
Which of the following cities is not located on the African continent?
Which state saw the inauguration of the Hindustan Urvarak & Rasayan Ltd (HURL) fertilizer plant by Prime Minister Narendra Modi?
What is the branch of biology under which tissues are studied?
Sayyid dynasty ruled on Delhi during _______.
Which of the following Constitutional Amendments is related to the creation of ULBs in India?