Current Affairs · Government Schemes
Consider the following statements about the Gold Monetization Scheme (GMS): 1. It allows deposits of gold with a minimum threshold of 10 grams, with no upper limit. 2. Interest on medium- and long-term deposits is payable in cash (INR) equivalent annually or at maturity. 3. GMS deposits qualify for exemptions from capital gains tax, income tax, and wealth tax. 4. Redemption for medium- and long-term deposits is permitted only in physical gold. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3 only✓
- 22 and 3 only
- 31 and 4 only
- 41, 2, 3, and 4
Correct answer
1, 2, and 3 only
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