Multiple choice

Which statement is true rgarding the Gold Bond Scheme?

  1. The minimum limit of gold deposit is 500 gms.

  2. No upper limit of gold deposit

  3. No investigation of source of deposited gold

  4. All of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Gold Bond Scheme 1999 had all these features: minimum deposit of 500 grams, no upper limit on deposit, and no investigation of the source of gold to encourage people to disclose their gold holdings. Each statement individually describes an actual feature of the scheme.

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