World Gold Council Report 2022

Question 1

(?) topped the global gold recycling chart

Answer 1

China

recycled 168 tonnes

Question 2

2nd

Answer 2

Italy

Question 3

3rd

Answer 3

US

Question 4

India’s Rank

Answer 4

4th

75 tonnes

Question 5

India’s gold refining capacity increased by

Answer 5

1500 tonnes

Question 6

____ is a nonprofit association of the world’s leading gold producers.

Answer 6

World Gold Council
* World Gold Council Report Headquarters: London, United Kingdom;
* World Gold Council Report Founded: 1987;
* World Gold Council Report CEO: David Tait;
* World Gold Council Report President: Kelvin Dushnisky.

Question 7

The United States used the gold standard until____

Answer 7

1971

Question 8

____ was launched to mobilize gold lying idle in households and institutions and put them to productive use and reduce the import bill.

Answer 8

Gold Monetization Scheme

Question 9

This scheme objective is to reduce demand for physical gold by shifting a part of the gold purchase by people to invest in gold bonds. Name it

Answer 9

Sovereign Gold Bond (SGB) Scheme
* are issued by the Reserve Bank of India
* tenure of the bond is 8 years
* will be sold both in Demat and paper format