Which of the following central bank was the largest single buyer of gold during January-March 2023, according to the World Gold Council report 2023?

(a) Reserve Bank of India

(b) Monetary Authority of Singapore

(c) People’s Bank of China

(d) Central Bank of the Republic of Turkey

Ans.(b)

Sol. The World Gold Council report stated that Monetary Authority of Singapore was the largest single buyer of gold, adding 69 metric tonnes during January-March 2023.