GyanGramWhat is/are the purpose/purposes of Government’s ‘Sovereign Gold Bond Scheme’ and 'Gold Monetization Scheme'?…
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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 India households into the economy
2. To promote FDI in the gold and jewellery sector
3. To reduce India’s dependence on gold imports
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• Correct Answer: C
• Sovereign Gold Bond and Gold Monetization Schemes mobilize idle household gold for productive use and reduce gold import dependence.
• They aim to lower current account deficit pressure from physical gold imports.
• B is wrong: these schemes are not designed to promote FDI in the jewellery sector.
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