Sovereign Gold Bonds were meant to reduce what?
AGold imports
BInflation
CBank credit
DFiscal deficit
Answer & Solution
Correct answer: A. Gold imports
The bond moved savers away from physical gold to a paper instrument tracking its price, cutting gold imports.
Keep practising Economy of India
Browse all Economy of India questions for SSC CGL, or explore more General Awareness topics.
Related questions
Which plan achieved 5.7% growth against a 5.2% target?Real growth under the Seventh Plan, against a 5.0% goal, was?Against a 4.5% target, the Second Plan's actual growth was?India's share of the world economy was about what in the year 1700?The collapse of which country hurt India's exports and added to the 1991 crisis?By how much did the rupee lose value against the dollar in July 1991?The National Stock Exchange of India began trading in which year?The Foreign Exchange Management Act, 1999 came into force in which month and year?