The government is considering discontinuing the Sovereign Gold Bond (SGB) scheme. Consider the following statements regarding the SGB scheme:
1. The Sovereign Gold Bond scheme is issued by the Securities and Exchange Board of India (SEBI).
2. On maturity, the bonds get redeemed based on the simple average of the closing price of gold over the preceding three business days.
3. The bonds can be prematurely redeemed after a minimum holding period of five years from the date of issue.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 and 3 only
3
2 only
4
1, 2 and 3