Question

Which of the following statements is correct about Electoral Bonds?
i. Electoral Bond is an interest-free financial instrument in the nature of a promissory note. 
ii. Electoral Bonds are valid for 15 calendar days from the date of issue.
iii. No payment shall be made to any payee political party if bond is deposited after expiry of validity period.

A All are true
B Only i and iii
C Only ii and iii are true
D Only iii is true
E None is true
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