Which of the following statements is/are correct with reference to the Gold Exchange in India?
A. The Securities & Exchange Board of India (SEBI) has recently floated a consultation paper on the proposed framework for Gold Exchange in India.
B. It has been proposed that the vault manager should have a net worth of ₹50 crore and will be required to furnish security deposits.
C. Both A & B
D. None of these
Explanation:
The Securities & Exchange Board of India (SEBI) has floated a consultation paper on the proposed framework for Gold Exchange in India. The proposal was announced by Finance Minister Nirmala Sitharaman in her FY22 Budget speech. It has been proposed that the vault manager should have a net worth of ₹50 crore and will be required to furnish security deposits.
