2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4500 per gram
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6500 per gram
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5500 per gram
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5000 per gram
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Detailed explanation-1: -The Reserve Bank of India (RBI) has fixed the issue price at Rs 4, 786 per gram. Under this scheme, the RBI issues the bonds on behalf of the Government of India.
Detailed explanation-2: -For such investors, the issue price of Gold Bond will be ₹5, 359/- (Rupees Five thousand three hundred and fifty nine only) per gram of gold.
Detailed explanation-3: -For such investors the issue price of Gold Bond will be Rs 4, 612 (Rupees Four thousand Six hundred twelve only) per gram of gold.
Detailed explanation-4: -14 Interest rate The investors will be compensated at a fixed rate of 2.50 percent per annum payable semi-annually on the nominal value. 15 Collateral The SGBs can be used as collateral for loans. The loan- to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.