Question : What is the rate of interest paid on the bonds issued under the Sovereign Gold Bond scheme of the Reserve Bank of India?
Option 1: 4% per annum
Option 2: 2.50% per annum
Option 3: 3% per annum
Option 4: 3.50% per annum
Correct Answer: 2.50% per annum
Solution : The correct answer is 2.50% per annum.
The bonds have an annual interest rate of 2.50% (fixed rate) based on the initial investment amount. The investor's bank account will receive interest credits every six months, with the final interest payment due along with the principal at maturity.
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Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?
Option 1: IDFC First Bank
Option 2: Dhanlakshmi Bank
Option 3: Bandhan Bank
Option 4: Yes Bank
Question : In which year was the RBI of India established under the Reserve Bank Act?
Option 1: 1960
Option 2: 1947
Option 3: 1935
Option 4: 1957
Question : As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?
Option 1: Syndicate Bank
Option 2: Allahabad Bank
Option 3: Corporation Bank
Option 4: United Bank of India
Question : Which one of the following formulates the fiscal policy in India?
Option 1: Planning Commission
Option 2: Finance Commission
Option 3: Reserve Bank of India
Option 4: Ministry of Finance
Question : The first ever gold coins in India were issued by the ______dynasty.
Option 1: Chola
Option 2: Gupta
Option 3: Kushan
Option 4: Maurya
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