QUIZ BASED ON GOLD SCHEMES
Here we are uploading some of the expected questions from three gold schemes,that is: Gold Monetisation Scheme, Sovereign Gold Bond Scheme, Gold Coin Scheme, launched by PM Narendra Modi.
1. What is the approximate quantity of gold stacked in Indian households?
[A] ~1000 tonnes
[B] ~11,000 tonnes
[C] ~22,000 tonnes
[D] ~3300 tonnes
2. What is the name of the scheme that offers resident Indians to deposit their raw gold and earn up to 2.5% interest?
[A] Sovereign Gold Bond Scheme
[B] Gold Monetisation Scheme
[C] Gold Coin/Bullion Scheme
[D] There is no such scheme
3. Which existing scheme will be replaced by the Gold Monetisation Scheme?
[A] Gold Deposit Scheme, 1999
[B] Gold Deposit Scheme, 2000
[C] Gold Deposit Scheme, 2001
[D] Gold Deposit Scheme, 2002
4. What is the minimum quantity of Gold with 995 fineness that can be deposited under Gold Monetisation Scheme (GMS)?
[A] 10 gm
[B] 20 gm
[C] 25 gm
[D] 30 gm
5. Under Gold Monetisation Scheme, Gold will be deposited at Hallmarking Centres which will act as 'Purity Testing Centres'to test the purity of jewellery in quick time. How many Hallmarking centres are there in the country at present?
[A] 340
[B] 300
[C] 320
[D] 350
6. Under the Sovereign Gold Bond Scheme, which of the following is authorised to issue Gold bonds on behalf of Government of India?
[A] Any government bank
[B] Finance Ministry
[C] Reserve Bank of India
[D] Government Approved Outlets
7. What is the minimum and maximum worth of bond respectively that can be purchased per person per financial year?
[A] 2 gm, 100 gm
[B] 2 gm, 500 gm
[C] 10 gm, 500 gm
[D] 10 gm, 100 gm
8. Under the Gold coin and Bullion Scheme, the government will issue gold coins, the first ever national coins, which will have the Mahatma Gandhi engraved on one side. What will be engraved on other side of the coin?
[A] National Emblem of Ashok Chakra
[B] Satyamev Jayate
[C] India Gate
[D] Indian Map
9. What is the respective number of 5 gm and 10 gm coins along with 20 gm of bar under Gold Coin/Bullion Scheme?
[A] 10,000; 15,000; 20,000
[B] 15,000; 25,000; 4560
[C] 15,000; 20,000; 4750
[D] 15,000; 20,000; 3750
10. Under Gold coin/bullion scheme, coins will be initially distribute through recognised MMTC outlets and later through specified bank branches and post offices. What is the full-form of MMTC?
[A] Metals and Materials Trading Company
[B] Metals and Mineral Trademark Corporation
[C] Metals and Minerals Trading Corporation
[D] Metals and Mineral Technology Company
Answers:
1. C
2. B
3. A
4. D
5. D
6. C
7. B
8. A
9. D
10. C
1. What is the approximate quantity of gold stacked in Indian households?
[A] ~1000 tonnes
[B] ~11,000 tonnes
[C] ~22,000 tonnes
[D] ~3300 tonnes
2. What is the name of the scheme that offers resident Indians to deposit their raw gold and earn up to 2.5% interest?
[A] Sovereign Gold Bond Scheme
[B] Gold Monetisation Scheme
[C] Gold Coin/Bullion Scheme
[D] There is no such scheme
3. Which existing scheme will be replaced by the Gold Monetisation Scheme?
[A] Gold Deposit Scheme, 1999
[B] Gold Deposit Scheme, 2000
[C] Gold Deposit Scheme, 2001
[D] Gold Deposit Scheme, 2002
4. What is the minimum quantity of Gold with 995 fineness that can be deposited under Gold Monetisation Scheme (GMS)?
[A] 10 gm
[B] 20 gm
[C] 25 gm
[D] 30 gm
5. Under Gold Monetisation Scheme, Gold will be deposited at Hallmarking Centres which will act as 'Purity Testing Centres'to test the purity of jewellery in quick time. How many Hallmarking centres are there in the country at present?
[A] 340
[B] 300
[C] 320
[D] 350
6. Under the Sovereign Gold Bond Scheme, which of the following is authorised to issue Gold bonds on behalf of Government of India?
[A] Any government bank
[B] Finance Ministry
[C] Reserve Bank of India
[D] Government Approved Outlets
7. What is the minimum and maximum worth of bond respectively that can be purchased per person per financial year?
[A] 2 gm, 100 gm
[B] 2 gm, 500 gm
[C] 10 gm, 500 gm
[D] 10 gm, 100 gm
8. Under the Gold coin and Bullion Scheme, the government will issue gold coins, the first ever national coins, which will have the Mahatma Gandhi engraved on one side. What will be engraved on other side of the coin?
[A] National Emblem of Ashok Chakra
[B] Satyamev Jayate
[C] India Gate
[D] Indian Map
9. What is the respective number of 5 gm and 10 gm coins along with 20 gm of bar under Gold Coin/Bullion Scheme?
[A] 10,000; 15,000; 20,000
[B] 15,000; 25,000; 4560
[C] 15,000; 20,000; 4750
[D] 15,000; 20,000; 3750
10. Under Gold coin/bullion scheme, coins will be initially distribute through recognised MMTC outlets and later through specified bank branches and post offices. What is the full-form of MMTC?
[A] Metals and Materials Trading Company
[B] Metals and Mineral Trademark Corporation
[C] Metals and Minerals Trading Corporation
[D] Metals and Mineral Technology Company
Answers:
1. C
2. B
3. A
4. D
5. D
6. C
7. B
8. A
9. D
10. C
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