Question
Which of the following statements is/are not correct
with respect to the Electoral Bonds Scheme ? I.The government introduced the Electoral Bond Scheme in the Finance Bill 2017 and implemented this scheme in 2018. II.A political party eligible to run campaigns must register under Section 29A of the Representation of the People Act, 1950, to receive electoral bonds. III.It will have a life of only 10 days, during which it can be used to make donations to political parties.ÂSolution
The government introduced the Electoral Bond Scheme in the Finance Bill 2017 and implemented this scheme in 2018. A political party eligible to run campaigns must register under Section 29A of the Representation of the People Act, 1951, to receive electoral bonds. It will have a life of only 15 days, during which it can be used to make donations to political parties.Â
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