2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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donations to political parties
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donations to medical centres
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donations to government projects
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donations to Nation’s Action Plan (NCP)
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Detailed explanation-1: -What is the Electoral Bond Scheme? Electoral Bonds: Electoral bonds are money instruments like promissory notes, which can be bought by companies and individuals in India from the State Bank of India (SBI) and donated to a political party, which can then encash these bonds.
Detailed explanation-2: -As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals.
Detailed explanation-3: -The 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-4: -Election Bonds To develop and purge the nation’s political fundraising system, the government announced the Electoral Bond Scheme, on January 2, 2018.