RBI Grade B Officer (General / DEPR / DSIM) 2023 · Question 34 of 260

Which of the following statements is incorrect regarding Sovereign Gold Bonds?

Government schemes

AA. Investment limit per fiscal year is 4 kg for individuals and Hindu Undivided Family (HUF)
BB. Investment limit per fiscal year is 20 Kg for Trusts and similar entities notified by the Government from time to time
CC. Bond is available both in demat and paper form
DD. Total limit is excluding purchase from secondary marketCorrect
EE. Bond can be used as collateral for loans

Answer: D. D. Total limit is excluding purchase from secondary market

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B 2023 – Phase 1 recollected questions with answer key (EduTap compilation) · memory-based

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