What is/are the purpose/purposes of Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'? 1. To bring the idle gold lying with Indian households into the economy 2. To promote FDI in the gold and jewellery sector 3. To reduce India's dependence on gold imports Select the correct answer using the code given below.

The correct option (c) is right because the Gold Monetization Scheme aims to mobilize idle gold held by households into the formal economy (Statement 1), while the Sovereign Gold Bond Scheme provides a financial alternative to physical gold, directly reducing the need for imports (Statement 3). Statement 2 is incorrect because these schemes are domestic policy tools focused on resource mobilization and have no direct objective or provision to promote Foreign Direct Investment (FDI). The core concept being tested is the government's strategy to reduce the Current Account Deficit (CAD) by converting physical gold into productive financial assets.