Sovereign Gold Bond Scheme - Eligibility criteria

Q.  Which of the following statements is/are correct about the Sovereign Gold Bond Scheme?

1. There will be no need to buy actual gold.
2. NRI can invest in Sovereign Gold Bond Scheme.
- Published on 14 Sep 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
There is a cap of 500 grams that a person can purchase in a year. Such bonds would be offered to only Indian citizens and institutions.

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