Sovereign Gold Bond Scheme MCQ for RBI Grade B

Dear aspirants,
We are presenting you the Sovereign Gold Bond Scheme MCQ for RBI Grade B Finance Section of the exam. Read the article on Sovereign Gold Bond Scheme before attempting these questions. Also do read the answers provided at the end of quiz.

Q1. In which Sovereign Gold Bond (SGB) scheme was launched?

1. 2012
2. 2014
3. 2015
4. 2016

Q2. Which among following is/are primary motive of government behind introducing the Sovereign Gold Bond (SGB) scheme?
a) To reduce the import of Gold
b) To increase the export of Gold
c) To maintain the country’s current account deficit
d) To finance the social security schemes of the government
Select the correct answer from the following options:

1. Only a and c
2. Only b and d
3. Only a, b and c
4. All are correct

Q3. Who issues the Sovereign Gold Bond?

1. India Bullion and Jewellers Association
2. Bureau of Indian Standards
3. Ministry of Finance
4. Reserve Bank of India

Q4. What is minimum quantity of gold that can be subscribed under the Sovereign Gold Bond Scheme?

1. 1 gm
2. 5 gm
3. 10 gm
4. 25 gm

Q5. What is the maximum quantity of gold that can be issued to individual/HUF?

1. 500 gm
2. 4 kg
3. 10 kg
4. 20 kg

Q6. What is the maximum quantity of gold that can be issued to trust?

1. 500 gm
2. 4 kg
3. 10 kg
4. 20 kg

Q7. What percentage of interest is payable on SGB?

1. 1%
2. 2%
3. 5%
4. 4%

Q8. Which among the following is not an authorised agency to sell SGB?

1. Nationalised Banks
2. NABARD
3. Designated Post Offices
4. Stock Holding Corporation of India Ltd

Q9. What is the tenor of Sovereign Gold Bond?

1. 5 years
2. 7 years
3. 8 years
4. 10 years

Q10. After how many years from the date of issue of the bond, the early redemption of bond is allowed?

1. 5
2. 6
3. 7
4. 8

Answers

1. 3
   Sovereign Gold Bond Scheme (SGB) was launched by Government of India in 2015
2. 1
3. 4
   The Sovereign Gold Bond is issued by Reserve Bank of India on behalf of Government of India.
4. 1
5. 2
6. 4
7. 3
   The Bonds bear interest at the rate of 2.50% per annum on the amount of initial investment.
8. 2
9. 3
   The tenor of the bond is 8 years
10. 1
    Early encashment/redemption of the bond is allowed after fifth year from the date of issue on coupon payment dates

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