New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The Political parties will now be able to file their

    financial accounts online to the Election Commission.These financial statements are required to be submitted by political parties to the Election Commission/Chief Electoral Officers of States/Union Territories, as per the Representation of People’s Act, _____ & transparency guidelines issued by the Commission.
    A 1974 Correct Answer Incorrect Answer
    B 1969 Correct Answer Incorrect Answer
    C 1951 Correct Answer Incorrect Answer
    D 1949 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Political parties will now be able to file their financial accounts online to the Election Commission. The measure has been enabled with the launch of a new web-portal  to facilitate the online filing of Contribution Report, Audited Annual Account and Election Expenditure Statement by the Political Parties.    These financial statements are required to be submitted by political parties to the Election Commission/Chief Electoral Officers of States/Union Territories, as per the Representation of People’s Act, 1951 & transparency guidelines issued by the Commission, from time to time, over the last many years.     The facility has been created with twin objectives: firstly, to facilitate political parties in overcoming the difficulties in physical filing of reports, and secondly, to ensure timely filing of financial statements in the prescribed/standardised formats.    The on-line portal also has a facility for sending reminders in the form of messages on the registered mobile number and registered emails of the authorised representatives of the political party so that the dates of compliances are not missed.

    Practice Next

    Relevant for Exams: