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What is the primary objective of the Gold Monetisation Scheme (GMS) introduced by the Government of India?
  • a)
    To create more gold reserves for the Reserve Bank of India
  • b)
    To promote the import of gold
  • c)
    To mobilize idle gold and bring it into the formal economy
  • d)
    To increase the production of gold in India
Correct answer is option 'C'. Can you explain this answer?
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What is the primary objective of the Gold Monetisation Scheme (GMS) in...
The Gold Monetisation Scheme aims to mobilize idle gold and integrate it into the formal economy. This initiative helps reduce reliance on gold imports, thereby addressing the Current Account Deficit (CAD). By allowing individuals and institutions to deposit their idle gold in banks, the scheme also encourages a more productive use of this valuable commodity.
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What is the primary objective of the Gold Monetisation Scheme (GMS) introduced by the Government of India?a) To create more gold reserves for the Reserve Bank of Indiab) To promote the import of goldc) To mobilize idle gold and bring it into the formal economyd) To increase the production of gold in IndiaCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2025 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What is the primary objective of the Gold Monetisation Scheme (GMS) introduced by the Government of India?a) To create more gold reserves for the Reserve Bank of Indiab) To promote the import of goldc) To mobilize idle gold and bring it into the formal economyd) To increase the production of gold in IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary objective of the Gold Monetisation Scheme (GMS) introduced by the Government of India?a) To create more gold reserves for the Reserve Bank of Indiab) To promote the import of goldc) To mobilize idle gold and bring it into the formal economyd) To increase the production of gold in IndiaCorrect answer is option 'C'. Can you explain this answer?.
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