Question
Consider the following statements in relation to
Sovereign Gold Bond: not correct 1. To be issued by RBI on behalf of the Government of India 2. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 10 grams 3. Minimum permissible investment will be 10 gram of gold Which of the following statements is/are correct?Solution
Only statement 1 is correct To be issued by Reserve Bank India on behalf of the Government of India. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and Minimum permissible investment will be 1 gram of gold.
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