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    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 Correct Answer Incorrect Answer
    B Only i and iii Correct Answer Incorrect Answer
    C Only ii and iii are true Correct Answer Incorrect Answer
    D Only iii is true Correct Answer Incorrect Answer
    E None is true Correct Answer Incorrect Answer

    Solution

    All the statements are true about the Electoral Bonds.

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