Start learning 50% faster. Sign in now
• Statement 1 is correct: Gold ETF, or Exchange Traded Fund, is a commodity-based Mutual Fund that invests in assets like gold. These exchangetraded funds perform like individual stocks and are traded similarly on the stock exchange. Exchange-traded funds represent assets, in this case, physical gold, both in dematerialised and paper form. • Some of the benefits of investing in Gold ETF funds are: Easier trading è No entry or exit loads Less Market Risk Tax benefits – Other than capital gains tax, gold exchange traded funds do not attract VAT, Securities Transaction Tax or Value Added Taxes, allowing an individual to save taxes on their investment. Usage as collateral • Statement 2 is incorrect: Also investment in gold ETF will help decrease the current account deficit as gold imports will reduce.
The Largest saline water lake in India is-
Which country recently became the newest member of the European Union?
In which city was the Men’s Asian Hockey Champions Trophy 2024 held from 8 to 17 September?
Who is the author of the book “Indira Gandhi – A life in nature”?
Which place in the country is famous with the name 'Palace of Winds'?
According to WWF's 2024 Living Planet Report, what percentage decline has been observed in global freshwater wildlife populations over the past 50 years?
What is the sex ratio (Approx) of India as per Census 2011?
Which of the following are the national and official language of India respectively?
Which of the following hydropower projects is NOT correctly matched with its respective river?
Who was the flagbearer for India at the Paris Olympics' closing ceremony?