Question

What restriction is placed on Special Category Clients

Q: Answer-What restriction is placed on Special Category Clients (SCC Banks) when importing gold and silver th...

SCC Banks are permitted to place only buy orders for the import of gold and silver through the India International Bullion Exchange IIBX , as per the April 2024 circular.

(SCC Banks) when importing gold and silver through the India International Bullion Exchange (IIBX), according to the April 2024 circular?

A They can only place sell orders

B They cannot trade on behalf of individual clients

C They are allowed to place only buy orders on the IIBX

D They can engage in both buying and selling of bullion

E They must partner with domestic traders for transactions

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What restriction is placed on Special Category Clients

Solution