LIVE Course for free

Rated by 1 million+ students
Get app now
JEE MAIN 2023
JEE MAIN 2023 TEST SERIES
NEET 2023 TEST SERIES
NEET 2023
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
17 views
in General by (30.0k points)
closed by

The government of India, in consultation with the Reserve Bank of India, issues Sovereign Gold Bond. The Maximum limit of investment for an trust in Sovereign Gold Bond Scheme 2018-19-Series-I is fixed at:


1. 2 kg
2. 4 kg
3. 10 kg
4. 20 kg
5. 25 kg

1 Answer

0 votes
by (54.0k points)
selected by
 
Best answer
Correct Answer - Option 4 : 20 kg

The government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bond, 2018-19-Series-I.

  • It was issued by RBI on behalf of the Government of India.
  • The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities, and Charitable Institutions.
  • The maximum limit of subscribed shall be 4 KG for an individual, 4 Kg for Hindu Undivided Family (HUF) and 20 Kg for trusts.
  • The minimum permissible investment will be 1 gram of gold.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...