Question

Which of the following is false about electoral bonds?

• A. Payments can be made digitally or through cheques.
• B. The identity of the door is essentially revealed to the political party at the time it redeems the bond from the notified bank.
• C. The issuing bank will remain the custodian of the donor’s funds until the political party redeems the bond.
• D. Electoral bonds will reduce horse-trading and corruption in politics.
• E. None of these

Answer 1

The correct option is B

The identity of the door is essentially revealed to the political party at the time it redeems the bond from the notified bank.

All the statements are true except the second statement. The identity of the donor will not be revealed to the concerned political party.