The Government of India has notified the Electoral Bond Scheme 2018. It may be noted that Electoral Bond shall be valid for.....days from the date of issue.

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Government of India has notified the Electoral Bond Scheme 2018. It may be noted that Electoral Bond shall be valid for____days from the date of issue.

A	90
B	30
C	15
D	10

Explanation:

Detailed explanation-1: -It may be noted that Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period.

Detailed explanation-2: -The only political parties eligible to receive electoral bonds are those that are registered under Section 29A of the Representation of the People Act, 1951, and that received at least 1% of the votes cast in the most recent general election for the state’s legislative assembly or house of representatives.

Detailed explanation-3: -Who can issue Electoral bonds in India? State Bank of India is authorised to issue and encash these bonds, which are valid for fifteen days from the date of issuance. These bonds are redeemable in the designated account of a registered political party.

Detailed explanation-4: -The bonds are issued by SBI in denominations of Rs 1, 000, Rs 10, 000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore. Only 25 political parties are eligible for redemption of electoral bonds.

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