Gold Monetisation scheme:

  1. earns regular interest to depositors
  2. allows pre-mature withdrawal with minimum lock-in period of one year
  3. is exempted from capital gains tax, wealth tax and income tax on earnings

Which of the above statements is/are correct?

Answer: [C] Only 1 & 3

Second statement is incorrect because minimum lock period is of 3 years.

This question is a part of GKToday's Integrated IAS General Studies Module