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Sovereign Gold Bonds are the government securities denominated in grams of gold and they are issued by the RBI on behalf of the government to reduce the demand for physical gold, the sovereign gold bond scheme was launched in November 2015. To buy the gold bonds, the investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Bond will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates. Minimum permissible investment will be 1 gram of gold. The maximum limit of subscription shall be 4 Kg for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal (April-March) year. Sovereign Gold Bonds 2023-24 (Series II) will be opened for subscription during the period September 11-15, 2023. The issue price of the Bond during the subscription period shall be Rs. 5,923.
Which economy is called as Closed Economy?
It is the highest rated bond which gives maximum returns at the time of maturity?
Bank rate is
What is Securitization?
The loans given to the low income group with small amount is called as _____________.
What is a mortgage?
Which of the following banks built the National Stock Exchange of India (NSE)?
Which of the following is not considered as direct instruments of RBI?
Under which Act, Banking ombudsman has been constituted?
Which of the following is not a loan category under MUDRA scheme?
