Q18. Consider the following statements with reference to Electoral Bonds
1. An electoral bond can be purchased by any citizen of India or a body incorporated in India)
2. The bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore, and will be available at specified branches of the State Bank of India)
3. Donors can donate the bonds to their party of choice which can then be cashed via the party’s verified account within 15 days.
Identify the correct statement/s from the codes given below
Q18. Consider the following statements with reference to Electoral Bonds
1. An electoral bond can be purchased by any citizen of India or a body incorporated in India)
2. The bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore, and will be available at specified branches of the State Bank of India)
3. Donors can donate the bonds to their party of choice which can then be cashed via the party’s verified account within 15 days.
Identify the correct statement/s from the codes given below
The correct option is D d) 1, 2 and 3
Electoral bonds:
1. Electoral bonds were introduced by the government to make funding to political parties transparent.
2. It will allow a political donor to purchase bonds from authorised banks and can be redeemed by parties only through registered accounts in a prescribed time frame.
3. An electoral bond can be purchased by any citizen of India or a body incorporated in India)
4. The bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore, and will be available at specified branches of the State Bank of India)
5. Donors can donate the bonds to their party of choice which can then be cashed via the party’s verified account within 15 days.
6. Every party that is registered under section 29A of the Representation of the People Act, 1951, and has secured at least one per cent of the votes polled in the most recent Lok Sabha or assembly election will be allotted a verified account by the Election Commission.
7. Electoral bond transactions can be made only via that account.
Electoral bonds:
1. Electoral bonds were introduced by the government to make funding to political parties transparent.
2. It will allow a political donor to purchase bonds from authorised banks and can be redeemed by parties only through registered accounts in a prescribed time frame.
3. An electoral bond can be purchased by any citizen of India or a body incorporated in India)
4. The bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore, and will be available at specified branches of the State Bank of India)
5. Donors can donate the bonds to their party of choice which can then be cashed via the party’s verified account within 15 days.
6. Every party that is registered under section 29A of the Representation of the People Act, 1951, and has secured at least one per cent of the votes polled in the most recent Lok Sabha or assembly election will be allotted a verified account by the Election Commission.
7. Electoral bond transactions can be made only via that account.
