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    Question

    In which year was the Sovereign Gold Bond scheme

    launched by the government of India?
    A 2013 Correct Answer Incorrect Answer
    B 2014 Correct Answer Incorrect Answer
    C 2015 Correct Answer Incorrect Answer
    D 2016 Correct Answer Incorrect Answer

    Solution

    The Sovereign Gold Bond scheme was launched by the government of India in the year 2015. The scheme was introduced to offer an alternative investment option to individuals looking to invest in gold. These government securities are denominated in grams of gold and are issued by the Reserve Bank of India (RBI) on behalf of the government. The scheme aims to reduce the demand for physical gold by providing an avenue for investing in gold in a more secure and paperless manner.

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