Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — 1 and 3 only
Concept & Option Breakdown
Standard Reference VerifiedStatements 1 and 3 are correct: The Gold Monetisation Scheme (GMS) and Sovereign Gold Bond (SGB) Scheme aim to mobilize idle gold held by domestic households and institutions, channel it into productive economic use, and reduce reliance on physical gold imports. Statement 2 is incorrect: Promoting Foreign Direct Investment (FDI) in the jewellery sector is not an objective of these schemes.
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