Q. Which of the following statements is/are correct regarding Electoral Bond scheme?
1. It can be issued to any political parties.
2. It can be purchased only by single individual and not jointly with other individuals.
3. Electoral bond can be purchased in Indian rupees only.
Select the correct answer using the code given below:
Answer: D
Notes:
Exp) Option d is the correct answer.
Statement 1 is incorrect. It can’t be issued to any registered political parties, but only to those registered parties which have secured not less than one percent of the votes polled in last general elections to the Lok Sabha or the state legislative assembly
Statement 2 is incorrect. Electoral bonds can be purchase either singly or jointly with other individuals but not more than 3 applicants per Application form. No name(s) will be printed on the form.
Statement 3 is correct. All payment for the issuance of the Electoral bonds will be accepted in Indian rupees only.
