BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 gm/1 kilo
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2 gm/500 gms
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1 gm/4 kg
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Detailed explanation-1: -Minimum permissible investment will be 1 gram of gold. The maximum limit of subscribed shall be 4 KG for individual, 4 Kg for HUF and 20 Kg for trusts and similar entities per fiscal year (April-March) notified by the Government from time to time.
Detailed explanation-2: -Sovereign Gold Bonds Scheme They can make deposits under the scheme in the multiples of 1 gram [1 unit]. The maximum amount that can be subscribed by an Individual and HUF is not to be more than 4 Kg and 20 kg for Trusts and similar entities per fiscal year (April-March).
Detailed explanation-3: -The minimum initial investment is 1 gram of gold, and the upper limit is 4 Kg of gold per investor (individual and HUF). For entities such as trusts and universities, 20 Kg of gold is permissible.