What is the current limit of a cash donation to a political party?

Rs. 500

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Rs. 1000

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Rs. 2000

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Rs. 4000

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None of these

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Solution

The correct option is C
Rs. 2000

Now cash donations to political parties cannot exceed Rs. 2000. Hence, the concept of electoral bond becomes necessary.

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Similar questions

Q. Cash donations to political parties of more than Rs 2000 has been banned.

Rectify the following errors assuming that a suspense account was opened. Ascertain the difference in trial balance.

(a) Credit sales to Mohan Rs. 7000 were posted to Karan as Rs. 5000

(b) Credit purchase from Rohan Rs. 9000 were posted to the debit of Gobind as Rs. 10000

(d) Goods returned from Mahesh Rs. 1000 were posted to the debit of Manish as Rs. 2000

(e) Cash sales Rs. 2000 were posted to commission account as Rs. 200

Rectify the following errors

(a) Credit sales to Mohan Rs. 7000 were posted to Karan.

(b) Credit purchase from Rohan Rs. 9000 were posted to Gobind

(d) Goods returned from Mahesh Rs. 1000 were posted to Manish.

(e) Cash sales Rs. 2000 were posted to commission account.

Hari buys a scooter for Rs. 22000. He pays Rs. 4000 Cash and agrees to pay the balance in annual

Installments of Rs. 1000 plus 10% interest on the unpaid amount. What will the scooter cost him?

3 classmates P, Q and R earned a profit of Rs. 9000. The ratio of capital invested by P and Q is 1 : 2. The ratio of capital invested by Q and R is 4 : 3. Calculate the actual profit each of them earns.

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What is the current limit of a cash donation to a political party?

The correct option is C Rs. 2000 Now cash donations to political parties cannot exceed Rs. 2000. Hence, the concept of electoral bond becomes necessary.

The correct option is C
Rs. 2000

Now cash donations to political parties cannot exceed Rs. 2000. Hence, the concept of electoral bond becomes necessary.