FinMin : Gold Monetisation Scheme is purely voluntary

Q.  Gold Monetisation scheme has been declared as _______ by FinMin
- Published on 07 Dec 15

a. Voluntary
b. Involuntary
c. Mandatory
d. Both b and c

ANSWER: Voluntary
 
Gold Monetisation Scheme is considered purely voluntary for individuals and institutions and they can make their own decision for monetising gold held by them. This is in response to reports that government will directly intervene to monetise gold held by charitable, religious and other institutions.

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