Quiz on Sovereign Gold Bond Scheme (SGB)
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Topic: Quiz on Sovereign Gold Bond Scheme (SGB)
Number of Questions: 12
Pre-Readings: Sovereign Gold Bond Scheme (SGB)
- Sovereign Gold Bonds are issued by?
A) Commercial Banks
B) Stock Exchange
C) Reserve Bank of India
D) All of the above
- What is the tenor of Sovereign Gold Bond (SGB) Scheme?
A) 5 years
B) 6 years
C) 8 years
D) 12 years
- What is the minimum limit of Gold Bond to be purchased under SGB?
A) 1 gram
B) 2 gram
C) 4 gram
D) 5 gram
- What is the maximum limit of Gold Bond to be purchased under SGB for individuals?
A) 1 kg
B) 2 kg
C) 4 kg
D) 20 kg
- What is the maximum limit of Gold Bond to be purchased under SGB for trusts?
A) 1 kg
B) 2 kg
C) 4 kg
D) 20 kg
- Price of Sovereign Gold Bond is fixed on the bases of price of Gold published by which institution?
A) Reserve Bank of India
B) India Bullion and Jewellers Association
C) Indian Bullion Market Association
D) All India Gem And Jewellery Domestic Council
- Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of _____ purity.
A) 1000
B) 998
C) 990
D) 999
- What is the discount in Rupee per gram of gold if payment for Sovereign Gold Bond is made through digital mode?
A) Rs 100
B) Rs 150
C) Rs 50
D) Rs 175
- What is the interest rate on Sovereign Gold Bond (SGB) Scheme?
A) 2.50%
B) 2.75%
C) 2.25%
D) 3.00%
- The interest in Sovereign Gold Bond (SGB) Scheme is paid ________ .
A) monthly
B) quarterly
C) semi annually
D) annually
- The Gold Bonds will be issued as Government of India Stocks under which act?
A) Public Debt Act, 1944
B) Bond Ledger Act, 2008
C) Relief Bond Act 1924
D) GS Act, 2006
- When an investor buys a SGB he/she is issued a ______ for the same.
A) Face Certificate
B) Bond Certificate
C) Holding Certificate
D) ETF Certificate