With reference to Sovereign Gold Bonds which of the following statements are correct 1 mark 1 Minors...........

Economic and social issues (RBI) Others

With reference to Sovereign Gold Bonds, which of the following statements are correct? (1 mark)

1. Minors will not be allotted even if guardians apply on their behalf.

2. Discount of Rs 50 is applicable when person is applying online.

3. There is a risk of capital loss if price of gold declines.

4. SGB can be used as collateral for borrowing loans.

This questions was previously asked in

RBI Grade B Phase 2 Exam (2021)

1, 2 and 3 only

2, 3 and 4 only

1, 3 and 4 only

1, 2 and 4 only

All of the above

- Statement 1: Minors can be allotted Sovereign Gold Bonds if their guardians apply on their behalf. This statement is incorrect.

- Statement 2: A discount of Rs 50 per gram is applicable for online applications. This statement is correct.

- Statement 3: There is a risk of capital loss if the price of gold declines. This statement is correct.

- Statement 4: Sovereign Gold Bonds can be used as collateral for loans. This statement is correct.

Option 2: 2, 3 and 4 only is correct.

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