Which of the following statements is NOT true regarding Sovereign Gold Bond Scheme?
1
It is aimed at reducing the import bill of the country
2
These bonds can be provided as collateral for seeking loans
3
These bonds are to be issued for 7 years with optional exits after 5 years
4
Another aim of this scheme is to increase the demand of physical gold in the country
5
Minimum size of gold bonds under this scheme is 1 gram