Question
 What is the tenure of the
SGB? Refer to the following information to answer the next 4 questions (Q23 to Q26) The Indian government has introduced a unique investment opportunity linked to the value of gold, aimed at reducing the physical demand for the precious metal and promoting financial savings. This investment option is available in electronic form and is designed to provide both a fixed interest income and the potential for capital appreciation based on the prevailing market price of gold. The bonds can be held by individuals, trusts, and other eligible entities, offering a safer and more cost-effective alternative to holding physical gold. Investors are required to meet certain minimum investment criteria, and the bonds come with a specified tenure during which they are held. These bonds are also eligible for trading on stock exchanges, providing liquidity to investors. Currently, the Reserve Bank of India (RBI) has raised funds equivalent to 139 tonnes of gold through SGBs, which is alarming when compared to the 822 tonnes of gold reserves held by the Central Bank. SGBs now account for 17% of India's gold reserves—a significant portion without physical backing.Solution
The tenure of the SGB is 8 years, with an option for early redemption after 5 years.
Continental Shelf which is the shallowest part of the ocean has an average gradient of:
What is the primary focus of the Memorandum of Understanding recently signed between the Department of Administrative Reforms and Public Grievances ( DA...
What is the name of the app that serves as an all-in-one source for detailed air quality data, real-time pollution levels, health tips, and allows users...
What record did the National Institute of Siddha (NIS) set?
Consider the following statements about Smart Lander for Investigating Moon (SLIM):Â
1.     Recently, SLIM spacecraft entered into orbit a...
Which ministry is Bhupender Yadav in charge of ?
What is the indigenous content percentage in the Tejas Mk-1A aircraft?
What is the main focus of the 'Nagar Vikas Ke Sopan' program launched in Chhattisgarh?
Which scheme aims to reduce pollution in the River Ganga by treating wastewater and promoting sustainable practices?
State Bank of India (SBI), has floated a green rupee term-deposit scheme to raise money for financing environment-friendly projects. Which of the follow...
