Q80. Consider the following statements, with regard to the Electoral Bonds.
1. Electoral bonds, can be given to a registered political party which is either a national party or a state party.
2. Although called a bond, the banking instrument resembling promissory notes will not carry any interest.
Select the correct answer using the codes given.
Q80. Consider the following statements, with regard to the Electoral Bonds.
1. Electoral bonds, can be given to a registered political party which is either a national party or a state party.
2. Although called a bond, the banking instrument resembling promissory notes will not carry any interest.
Select the correct answer using the codes given.
The correct option is B (b) Only 2
Electoral bonds will allow donors to pay political parties using banks as an intermediary. Although called a bond, the banking instrument resembling promissory notes will not carry any interest. The electoral bond, which will be a bearer instrument, will not carry the name of the payee and can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore
Eligibility: electoral bonds, can be given to a registered political party which has secured at least 1 per cent vote in the last Lok Sabha or state assembly elections. That party will have to give one bank account to the Election Commission and it will have to be encashed within 15 days.
Need: The electoral bonds are aimed at rooting out the current system of largely anonymous cash donations made to political parties which lead to the generation of black money in the economy.
(b) Only 2
Electoral bonds will allow donors to pay political parties using banks as an intermediary. Although called a bond, the banking instrument resembling promissory notes will not carry any interest. The electoral bond, which will be a bearer instrument, will not carry the name of the payee and can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore
Eligibility: electoral bonds, can be given to a registered political party which has secured at least 1 per cent vote in the last Lok Sabha or state assembly elections. That party will have to give one bank account to the Election Commission and it will have to be encashed within 15 days.
Need: The electoral bonds are aimed at rooting out the current system of largely anonymous cash donations made to political parties which lead to the generation of black money in the economy.
