Attempt this previous-year question. The correct option stays hidden until you choose.
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
Select the correct answer using the code given below:
Pick an option to check yourself.
• 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.
Attempt Prelims MCQs or open Mains questions by paper — then continue the same bank inside the app with visual decks.
GyanGram