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Which of the following banks was authorised to issue Electoral Bonds?
  • a)
    State Bank of India
  • b)
    HDFC Bank
  • c)
    ICICI Bank
  • d)
    Corporation Bank
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following banks was authorised to issue Electoral Bonds?a...
State Bank of India was authorised to issue Electoral Bonds.
  • Electoral bonds will allow donors to pay political parties using banks as an intermediary. It includes multiples values such as, Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore.
  • Only the registered Political Parties which have secured not less than one per cent of the votes polled in the last Lok Sabha elections or the State Legislative Assembly are eligible to receive the Electoral Bonds.
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Which of the following banks was authorised to issue Electoral Bonds?a)State Bank of Indiab)HDFC Bankc)ICICI Bankd)Corporation BankCorrect answer is option 'A'. Can you explain this answer?
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