Which of the following is NOT eligible to purchase

electoral bonds?

A Any company incorporated in India Correct Answer Incorrect Answer

B Any individual who is an Indian citizen Correct Answer Incorrect Answer

C Any State or National level party Correct Answer Incorrect Answer

D Both A and B Correct Answer Incorrect Answer

E None of the above Correct Answer Incorrect Answer

Solution

Only political parties registered under Section 29A of the Representation of the People Act, 1951 and which secured not less than 1% of votes polled in the last general election to the House of the People or the Legislative Assembly of the State, are eligible to receive electoral bonds. Individuals and companies incorporated in India are eligible to purchase the bonds.

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