Expected Questions on Sovereign Gold Bonds 2018

Hello and welcome to exampundit. Today we are sharing Expected Questions on Sovereign Gold Bonds 2018. These will be important for all the upcoming Bank PO & Clerk Examination especially SBI PO, Clerk 2018.

Expected Questions on Sovereign Gold Bonds 2018

Expected Questions on Sovereign Gold Bonds 2018

  1. In the 2018 Sovereign Gold Bonds, persons resident in India as defined under which act are eligible? – Foreign Exchange Management Act, 1999
  2. The Sovereign Gold Bonds are issued in denominations of ______. – One Gram & multiples
  3. What is the minimum investment criteria for individuals in Sovereign Gold Bonds? – One Gram
  4. What is the minimum investment criteria for trusts/similar entities in Sovereign Gold Bonds? – One Gram
  5. What is the maximum investment criteria for individuals in Sovereign Gold Bonds? – 4 kg/buyer
  6. What is the maximum investment criteria for trusts/similar entities in Sovereign Gold Bonds? – 20kg
  7. What is the interest rate per annum of Sovereign Gold Bonds? – 5% on the amount of initial investment
  8. The issue price of the Gold Bonds will be how much less than the nominal value to those investors applying online? – ₹50
  9. To buy sovereign gold bonds, cash payment is acceptable up to what amount? – ₹20,000
  10. The minimum tenure of the bond is how many years? 8 years
  11. The minimum tenure of the bond is 8 years however, after how many years an investor can exit? – 5 years

 

Read our Banking Awareness Article on Sovereign Gold Bonds 2018. Don’t forget to read all the expected questions.

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Also Read:  Daily GK/GA Expected Questions from Current Affairs - 27 April 2018

 

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