Multiple choice

Which statement(s) is/are true for Gold Bond Scheme?

  1. Minimum limit of gold deposit 500 gm

  2. No investigation of source of deposited gold

  3. No upper limit of gold deposit

  4. All of the above

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Gold Bond Scheme includes minimum limit of gold deposit is 500 gm, no investigation of source of deposited gold and no upper limit of gold deposit. There has been a rush of gold imports into the countryand this is a major reason behind the ballooning of the trade deficit. It is interesting that the Government should be proposing a gold deposit scheme at such a juncture which has some of the objectives listed above. 

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