IAS General Studies Prelims Question No. 26
Consider the following statements about Gold Monetisation scheme:
- It earns regular interest to depositors
- It allows pre-mature withdrawal with minimum lock-in period of one year
- It is exempted from capital gains tax, wealth tax and income tax on earnings
Which of the above statements is/are correct?
[A] Only 1 & 2
[B] Only 2 & 3
[C] Only 1 & 3
[D] 1, 2 & 3
Second statement is incorrect because minimum lock period is of 3 years.