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Consider the following statements regarding Electoral Bonds.
1. Electoral Bonds have a maximum limit of Rs. 1 crore.
2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.
3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.
Which of the above statements is/are correct?
- a)1, 2
- b)2 only
- c)2, 3
- d)1, 2, 3
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Consider the following statements regarding Electoral Bonds.1. Elector...
Electoral Bond is a financial instrument for making donations to political parties.
State Bank of India is authorised to issue and encash these bonds, which are valid for fifteen days from the date of issuance.
These bonds are redeemable in the designated account of a registered political party. The bonds are issued in multiples of Rs. 1,000, Rs. 10,000, Rs. 1 lakh, Rs. 10 lakh and Rs. 1 crore without any maximum limit.
The bonds are available for purchase by any person (who is a citizen of India or incorporated or established in India) for a period of ten days each in the months of January, April, July and October as may be specified by the Central Government.
Most Upvoted Answer
Consider the following statements regarding Electoral Bonds.1. Elector...
The correct answer is option 'B' - 2 only.
Explanation:
Electoral Bonds are a financial instrument introduced by the Government of India in 2018 with the aim of promoting transparency in political funding. Let's analyze each statement given in the question:
1. Electoral Bonds have a maximum limit of Rs. 1 crore.
This statement is incorrect. Electoral Bonds do not have a maximum limit of Rs. 1 crore. In fact, the Electoral Bonds can be issued in denominations of Rs. 1,000, Rs. 10,000, Rs. 1 lakh, Rs. 10 lakh, and Rs. 1 crore.
2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.
This statement is correct. Electoral Bonds can be purchased by any person who is a citizen of India or incorporated or established in India. However, political parties registered under Section 29A of the Representation of the People Act, 1951 are the only entities eligible to redeem these bonds.
3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.
This statement is incorrect. Electoral Bonds can be purchased even when the Model Code of Conduct is in effect. The Model Code of Conduct is a set of guidelines issued by the Election Commission of India to regulate the conduct of political parties and candidates during elections. However, there are no restrictions on purchasing electoral bonds during this period.
In conclusion, statement 2 is the only correct statement. Electoral Bonds can be purchased by a person who is a citizen of India or incorporated or established in India. The other statements are incorrect as Electoral Bonds do not have a maximum limit of Rs. 1 crore, and they can be purchased even when the Model Code of Conduct is in effect.
Explanation:
Electoral Bonds are a financial instrument introduced by the Government of India in 2018 with the aim of promoting transparency in political funding. Let's analyze each statement given in the question:
1. Electoral Bonds have a maximum limit of Rs. 1 crore.
This statement is incorrect. Electoral Bonds do not have a maximum limit of Rs. 1 crore. In fact, the Electoral Bonds can be issued in denominations of Rs. 1,000, Rs. 10,000, Rs. 1 lakh, Rs. 10 lakh, and Rs. 1 crore.
2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.
This statement is correct. Electoral Bonds can be purchased by any person who is a citizen of India or incorporated or established in India. However, political parties registered under Section 29A of the Representation of the People Act, 1951 are the only entities eligible to redeem these bonds.
3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.
This statement is incorrect. Electoral Bonds can be purchased even when the Model Code of Conduct is in effect. The Model Code of Conduct is a set of guidelines issued by the Election Commission of India to regulate the conduct of political parties and candidates during elections. However, there are no restrictions on purchasing electoral bonds during this period.
In conclusion, statement 2 is the only correct statement. Electoral Bonds can be purchased by a person who is a citizen of India or incorporated or established in India. The other statements are incorrect as Electoral Bonds do not have a maximum limit of Rs. 1 crore, and they can be purchased even when the Model Code of Conduct is in effect.
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Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs.
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ample number of questions to practice Consider the following statements regarding Electoral Bonds.1. Electoral Bonds have a maximum limit of Rs. 1 crore.2. These Bonds can be purchased by a person who is a citizen of India or incorporated or established in India.3. These Bonds cannot be purchased only when the Model Code of Conduct is into effect.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
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