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What is the maximum tenure permitted for a Short-Term Gold Deposit under the Gold Deposit Scheme?​
Question

What is the maximum tenure permitted for a Short-Term Gold Deposit under the Gold Deposit Scheme?

A.

6 months to 1 year

B.

1 year to 2 years

C.

1 year to 3 years

D.

3 years to 5 years

E.

More than 5 years

Correct option is C

Under the Gold Deposit Scheme, deposits are categorized based on tenure. The short-term gold deposit specifically allows a maximum duration of up to 3 years, with the minimum period being 1 year.​


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