2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the worth of the electoral bonds that the SBI has sold out in the 10-day window of October?
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Rs.200 crore
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Rs.400 crore
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Rs.600 crore
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Rs.800 crore
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -2022 to 15.11. 2022. 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-3: -State Bank of India (SBI) is the only authorised bank to issue electoral bonds. Electoral bonds are being pitched as an alternative to cash donations made to political parties in a bid to bring transparency in political funding.
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