UPSC Prelims 2016 · GS Paper 1 · Q71

Economy

Medium · Gold Monetization / Sovereign Gold Bond

Consider the following as purposes of the government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme':

1. To bring idle household gold into the formal economy

2. To promote foreign direct investment in the gold and jewellery sector

3. To reduce India's dependence on gold imports

Which of the above is/are an actual purpose of these schemes?