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  9. Q230

RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 230 of 260

Mrs. Sharma, a resident individual, is interested in investing in the Sovereign Gold Bonds (SGBs) Scheme to diversify her portfolio. She wants to invest in 3 kg of gold this fiscal year. Mrs. Sharma also intends to have the flexibility of redeeming her investment after a few years if needed. Based on the eligibility criteria and features of the SGBs scheme, which of the following options best applies to her situation?

Government Schemes

  1. AA. Mrs. Sharma can invest up to 4 kg as an individual with an option for premature redemption after 5 years.’Correct
  2. BB. Mrs. Sharma can invest only up to 2 kg of gold as an individual
  3. CC. Mrs. Sharma can redeem her investment any time before the 5-year period if needed.
  4. DD. Mrs. Sharma is not eligible to invest as an individual in the SGBs scheme.
  5. EE. Mrs. Sharma must invest a minimum of 5 kg of gold to be eligible for SGBs.

Answer: A. A. Mrs. Sharma can invest up to 4 kg as an individual with an option for premature redemption after 5 years.’

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B Phase 2 2024 Economic and Social Issues recollected questions with answer key (EduTap compilation) · memory-based

← Q229View full paper (260 questions)Q231 →

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