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World geography miscellaneous

  1. For channelising the unaccounted money for productive purposes the Government Introduced the scheme of :
    1. Special Bearer Bonds
    2. Resurgent India Bonds
    3. Provident Funds
    4. Market Loans
Correct Option: A

The Special Bearer Bonds (Immunities And Exemptions) Act, 1981 laid down the purpose of such bonds as necessary to canalize for productive purposes black money which has become a serious threat to the national economy. With a view to such canalization, the Central Government decided to issue at par certain bearer bonds to be known as the Special Bearer Bonds, 1991.



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