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Which of the following statement is not applicable in the context of Gold Monetisation Scheme?
Banks may be permitted to deposit the mobilized gold as part of their CRR and SLR requirements with RBI.
Banks may sell the gold to generate foreign currency that can be used for lending to exporters and importers.
Bank are not allowed to convert mobilized gold into coins for onward sale to their customers Exchanges
Banks can lend the Gold to the Jewellers
3rd option is incorrect regarding Gold Monetisation Scheme i.e. Bank are not allowed to convert mobilized gold into coins for onward sale to their customers Exchanges.
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