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Consider the following statements about Electoral Bonds:
1. The electoral bonds are interest-free bearer instruments used to donate moneyanonymously to political parties.
2. The electoral bonds are available for purchase for 10 days in the beginning of everyquarter.
3. The bonds will be issued in multiples of Rs 500 and Rs 1000.
Which of the statements given above is/are correct?
  • a)
    1 and 2 only
  • b)
    2 and 3 only
  • c)
    1 and 3 only
  • d)
    1, 2 and 3
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about Electoral Bonds:1. The elector...
• Announced in the 2017 Union Budget, electoral bonds are interest-free bearer instruments used to donate money anonymously to political parties. A bearer instrument does not carry any information about the buyer or payee and the holder of the instrument (which is the political party) is presumed to be its owner.
• S2: The bonds will be issued in multiples of Rs 1,000, Rs 10,000, Rs 100,000 and Rs 1 crore (the range of a bond is between Rs 1,000 to Rs 1 crore).
• S3: The electoral bonds are available for purchase for 10 days in the beginning of every quarter
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Consider the following statements about Electoral Bonds:1. The electoral bonds are interest-free bearer instruments used to donate moneyanonymously to political parties.2. The electoral bonds are available for purchase for 10 days in the beginning of everyquarter.3. The bonds will be issued in multiples of Rs 500 and Rs 1000.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements about Electoral Bonds:1. The electoral bonds are interest-free bearer instruments used to donate moneyanonymously to political parties.2. The electoral bonds are available for purchase for 10 days in the beginning of everyquarter.3. The bonds will be issued in multiples of Rs 500 and Rs 1000.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about Electoral Bonds:1. The electoral bonds are interest-free bearer instruments used to donate moneyanonymously to political parties.2. The electoral bonds are available for purchase for 10 days in the beginning of everyquarter.3. The bonds will be issued in multiples of Rs 500 and Rs 1000.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about Electoral Bonds:1. The electoral bonds are interest-free bearer instruments used to donate moneyanonymously to political parties.2. The electoral bonds are available for purchase for 10 days in the beginning of everyquarter.3. The bonds will be issued in multiples of Rs 500 and Rs 1000.Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.
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