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With reference to “Electoral Bonds Scheme”, consider the following statements:
1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.
2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.
3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.
How many of the statements given above is/are not correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'D'. Can you explain this answer?
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With reference to “Electoral Bonds Scheme”, consider the f...
Electoral Bonds Scheme:
- The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018. Hence, Statement 1 is correct.
- They serve as a means for individuals and entities to make donations to registered political parties while maintaining donor anonymity.
Electoral Trusts Scheme, 2013:
- It was notified by the Central Board of Direct Taxes (CBDT). An Electoral Trust is a Trust set up by companies with the sole objective to distribute the contributions received by it from other Companies and individuals to the political parties.
Exemption From Disclosure Under Electoral Bonds Scheme:
- Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds. Hence, Statement 2 is correct.
- This means the voters will not know which individual, company, or organization has funded which party, and to what extent. Hence, Statement 3 is correct.
- However, in a representative democracy, citizens cast their votes for the people who will represent them in Parliament. Supreme Court’s Observations: Recently, the Supreme Court has instructed the Election Commission of India (ECI) to provide the recent data on funds received by political parties through electoral bonds The Indian Supreme Court has long held that the “right to know”, especially in the context of elections, is an integral part of the right to freedom of expression (Article 19) under the Indian Constitution
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With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. Can you explain this answer?
Question Description
With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. 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 With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. Can you explain this answer?.
With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. 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 With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to “Electoral Bonds Scheme”, consider the following statements:1. The electoral bonds system was introduced in 2017 by way of a Finance bill and it was implemented in 2018.2. Through an amendment to the Finance Act 2017, the Union government has exempted political parties from disclosing donations received through electoral bonds.3. This means that voters will not know which individual, company, or organization has funded which party, and to what extent.How many of the statements given above is/are not correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'D'. Can you explain this answer?.
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