Explanation:

Statement Analysis: • SGBs are issued by the Reserve Bank of India on behalf of the Government of India. Hence statement 1 is correct. • The main objective of the SGB Scheme is to mobilize the gold held by households and institutions in the country, reduce reliance on the import of gold over time to meet the domestic demand, and promote FDI in the gold and jewellery sector. Hence statement 2 is correct. • The tenure of the SGB will be for a period of eight years with an option of premature redemption after 5th year. Hence statement 3 is incorrect. • The minimum permissible investment will be one gram of gold and the maximum limit of subscription shall be 4 Kg for individuals, 4 Kg for HUF, and 20 Kg for trusts and similar entities per fiscal year (April-March) notified by the Government from time to time.  • SGBs will be restricted for sale to resident individuals, HUFs (Hindu Undivided Family), trusts, universities, and charitable institutions.