IAS General Studies Prelims Question No. 26

Consider the following statements about Gold Monetisation scheme:

  1. It earns regular interest to depositors
  2. It allows pre-mature withdrawal with minimum lock-in period of one year
  3. 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
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[C] Only 1 & 3
Second statement is incorrect because minimum lock period is of 3 years.



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