New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    1.      Recently Government of India introduced

    electoral bond scheme. Under this scheme, such electoral bonds will be issued only by:
    A Reserve Bank of India Correct Answer Incorrect Answer
    B Certain branches of State Bank of India Correct Answer Incorrect Answer
    C Ministry of Finance Correct Answer Incorrect Answer
    D Security and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    E Any Public Sector Bank (PSB) Correct Answer Incorrect Answer

    Solution

    Electoral bond is a financial instrument that will be issued by specified branches of State Bank of India. Electoral Bonds would have a life of only 15 days during which it can be used for making donation only to the political parties registered under section 29A of the Representation of the Peoples Act, 1951.

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