Q. With reference to the Electoral Bond, which of the following statements is/are correct?
1.One of the primary purposes of electoral bonds in India’s election funding system is to reduce dependence on corporate donations.
2.Electoral bonds differ from traditional political donations because they promote transparency through real-time disclosure.
Select the correct statements using the codes given below:
Answer: A
Notes:
Explanation –
Statement 1 is correct. One of the primary purposes of electoral bonds is to reduce the reliance on corporate donations, which can often lead to a potential conflict of interest. It aims to diversify the sources of funding for political parties.
Statement 2 is incorrect. Electoral bonds are designed to promote anonymity of donors, not transparency. Unlike traditional political donations where the donor’s identity is disclosed to the public and Election Commission, electoral bonds allow donors to remain anonymous.
Source: Forum IAS
