Current Affairs Exam  >  Current Affairs Questions  >  Consider the following statements:1. Electora... Start Learning for Free
Consider the following statements:
1. Electoral Bonds are the financial instruments for making donations to political parties.
2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns
3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.
Which of the following statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    1 only
  • c)
    2 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements:1. Electoral Bonds are the financial...
In News- The government of India approved the 14th tranche of electoral bonds which will be open for sale between 19 to 28th of October.
Statement 1 is correct: The electoral bonds were introduced with the Finance Bill (2017) and government notified the Electoral Bond Scheme 2018 to boost transparency in political funding.
It is a financial instrument for making donations to political parties. It is like a promissory note that can be bought by any Indian citizen or company incorporated in India and the citizen or corporate can then donate the same to any eligible political party of his/her choice.
Statement 2 is not correct: Polit ical parties are legally bound to submit their income tax returns annually under Section 13A of the Income Tax Act, 1961. But the finance bill sought to exempt electoral bonds from the IT Act. Statement 3 is not correct: As of now, these bonds are issued by the authorised branches of the State Bank of India (SBI) and are valid for 15 days from the date of the purchase.
View all questions of this test
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 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:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 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:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?.
Solutions for Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements:1. Electoral Bonds are the financial instruments for making donations to political parties.2. Under the Electoral Bond scheme, Political parties are legally bound to submit their income tax returns3. The sale of electoral bonds is carried out from the selected branches of Public Sector Banks across the country.Which of the following statements given above is/are correct?a)1 and 2 onlyb)1 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev