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What is/are the purpose/purposes of Government's Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? 1. To bring the idle gold lying with Indian households into the economy 2. To promote FDI in the gold and jewellery sector 3. To reduce India's dependence on gold imports Select the correct answer using the code given below

What is/are the purpose/purposes of Government's Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? 1. To bring the idle gold lying with Indian households into the economy 2. To promote FDI in the gold and jewellery sector 3. To reduce India's dependence on gold imports Select the correct answer using the code given below Correct Answer 1 and 3 only

The correct answer is 1 and 3 only.

  • Sovereign Gold Bond Scheme was launched under the Gold Monetisation Scheme in November 2015.
  • Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold issued by RBI behalf of the Government.
  • Gold Monetization Scheme is aimed to mobilize gold held by households and facilitate its use for productive purposes in order to reduce the country’s reliance on the import of gold. Hence statement 1 and 3 is correct.
    • All Scheduled Commercial Banks excluding RRBs are eligible to implement the Scheme.
  • Both the schemes are not intended to promote FDI in the gold and jewellery sector. Hence statement 2 is incorrect.

Related Questions

Which of the following is/are not FDI policy change(s) alter 2010? 1. Permission of 100 per cent FDI in the automotive sector 2. Permitting foreign airlines to make FM up to 49 per cent 3. Permission of up to 51 per cent FDI under the government approval route in multi-brand retailing, subject to specified conditions 4. Amendment of policy on FDI in single-brand product retail trading for aligning with global practices Select the correct answer using the code given below:
Which of the following statements are true/ false?
1. In the market economy, the prices are determined by the level of demand and supply in the market.
2. Mixed economy is an economic system in which both the private and public sector have equal roles to play.
3. Planned economy is also known as a centralised economy, controlled economy or command economy.
4. In the market economy, governments do not have much role to play.
As per the NSSO 70th Round "Situation Assessment Survey of Agricultural Households", consider the following statements: 1. Rajasthan has the highest percentage share of agricultural households among its rural households. 2. Out of the total agricultural households in the country, a little over 60 percent belong to OBCs. 3. In Kerala, a little over 60 percent of agricultural households reported to have received maximum income from sources other than agricultural activities. Which of the statements given above is/are correct?
In a city, 12% of households earn less than Rs. 30,000 per year, 6% households earn more than Rs. 2,00,000 per year, 22% households earn more than Rs. 1,00,000 per year and 990 households earn between Rs. 30,000 and Rs. 1,00,000 per year. How many households earn between Rs. 1,00,000 and Rs. 2,00,000 per year?
Assertion (A) : The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa. Reason (R) : High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.
A shopkeeper first raises the price of Jewellery by x% then he decreases the new price by x%. After such up down cycle, the price of a Jewellery decreased by Rs. 21025. After a second up down cycle the Jewellery was sold for Rs. 484416. What was the original price of the jewellery.
A, a jewellery wholesaler, leaves some jewellery at B's jewellery shop by mistake. B treats the jewellery as his own. Which one of the following remedies is available to A?
Reserve Bank of India announced issue price for Sovereign Gold Bond Scheme 2021-22 - Series VI. When was Sovereign Gold Bond Scheme was launched?
S1: The distinction between state or sovereign and government is developed by Rousseau with utmost exactness and accuracy.
P: While 'state' denotes the community as a whole, created by social pact and manifesting itself in supreme general will, 'government' denotes merely the individual or groups of individuals that is designated by the community to carry into effect the sovereign will.
Q: Government, to Rousseau, means executive power.
R: The individuals, to whom this power is assigned are the officers or the agents of the sovereign.
S: The government is created not by any contract but by a decree of the sovereign, and its function is in no sense to make but only to administer law.
S6: Collectively, they may be called 'prence' or 'magistracy'.

The Proper sequence should be:
With reference to the role of UN-Habitat in the United Nations programme working towards a better urban future, which of the statements is/are correct? 1. UN-Habitat has been mandated by the United Nations General Assembly to promote socially and environmentally sustainable towns and cities to provide adequate shelter for all. 2. Its partners are either governments or local urban authorities only. 3. UN-Habitat contributes to the overall objective of the United Nations system to reduce poverty and to promote access to safe drinking water and basic sanitation. Select the correct answer using the code given below: