What is/are the purpose/purposes of Government’s ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’?
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.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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(c) (i) The purpose of ‘Sovereign Gold Bond Scheme’ and ‘Gold Monetization Scheme’ is to reduce India’s gold imports and bring all the gold lying idle with individuals and households in India into the economy.
(ii) FDI is not the purpose - so all options involving 2 are wrong. 1 and 3 are right.
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