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

    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. 
    A Only I Correct Answer Incorrect Answer
    B Only II Correct Answer Incorrect Answer
    C Only I & II Correct Answer Incorrect Answer
    D Only II & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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. 

    Practice Next

    Relevant for Exams: