Which of the following statements is/are correct with reference to the hallmarking of gold jewellery and artefacts?

Daily Current Affairs Quiz 26 May 2021

Which of the following statements is/are correct with reference to the hallmarking of gold jewellery and artefacts?

A. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present.

B. The BIS has been running a hallmarking scheme for gold jewellery since April 2000.

C. Both A & B

D. None of these

Explanation:

The government of India has extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present. The BIS has been running a hallmarking scheme for gold jewellery since April 2000. Around 40 per cent of gold jewellery is being hallmarked currently.

Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page