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World Gold Council Report
Consider the following statements:
- As per recent reports of World Gold Council, India has the highest reserve of Gold in the world.
- SGB scheme aims to reduce India’s Current Account Deficit.
Choose the correct answer from the code given below:
A |
Only 1
|
|
B |
Only 2
|
|
C |
Both 1 and 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- As per recent reports of the World Gold Council (WGC), India has the 11th largest reserve of gold in world (607 Tonnes with RBI), while US has the maximum gold reserves with its Central Bank (8,133 Tonnes).
- It is important to note that India is the largest consumer of gold in the world, but WGC takes into account the reserve of gold available with the Central Bank of that country.
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