Current Affairs Question - 18 March 2019

Consider the following statements vis-à-vis the Sovereign Gold Bond (SGB) Scheme:

1. Under the SGB Scheme, bonds are denominated in units of hundred grams of gold and multiples thereof.
2. The bonds can be used as collateral for loans.
3. The indexation benefits are also provided to long-term capital gains arising to any person on transfer of bond.

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Which of the following are advantages of Gold Bonds over Physical Possession of Gold?

1. Gold Bonds are more liquid.
2. They are safer than Physical Gold.
3. There is no issue of wear & tear.
4. A common person trusts Gold Bond more than Physical Gold.

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Consider the following statements:

1. As per recent reports of World Gold Council, India has the highest reserve of Gold in the world.
2. SGB scheme aims to reduce India’s Current Account Deficit.

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Consider the following statements about Composite Materials:

1. Composite materials have high expansion under thermal environment making them ideal materials for spacecraft applications.
2. Plywood is an example of composite material.

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. ‘Mrinal’ has a peculiar significance in India’s Space programme; this is related to?