Sovereign Gold Bond

Question 1

When was SGB launched

Answer 1

In november 2015

Question 2

The Gold Bonds are issued as Government of India Stock under the ______

Answer 2

Government Securities (GS) Act, 2006

Question 3

Eligibility of SGB

Answer 3

The bonds are restricted for sale to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.

Question 4

Indian bullion and jewellers association (IBJA) headquarter

Answer 4

Mumbai
Gold bond prices are linked to the price of gold of 999 purity (24 carats) published by India Bullion and Jewellers Association (IBJA), Mumbai.

Question 5

The upper limit for retail (individual) investors and HUFs is_________ (4,000 units) each per financial year.For trusts and similar entities, an upper limit of 20 kilograms per financial year is applicable

Answer 5

4 kilograms
Minimum permissible investment is 1 gram of gold.

Question 6

Maturity period of gold bond

Answer 6

8 years

Question 7

Interest Rate: A fixed rate of ____ per annum is applicable on the scheme, payable semi-annually.

Answer 7

2.5%

Question 8

Income tax act was launched in which year

Answer 8

1961