2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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10
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12
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13
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14
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Detailed explanation-1: -To develop and purge the nation’s political fundraising system, the government announced the Electoral Bond Scheme, on January 2, 2018. The Reserve Bank of India Act of 1934, the Representation of Peoples Act of 1951, the Income Tax Act of 1961, and the Companies Act were all amended to include electoral bonds.
Detailed explanation-2: -The authorised SBI branches include those in Lucknow, Shimla, Dehradun, Kolkata, Guwahati, Chennai, Patna, New Delhi, Chandigarh, Srinagar, Gandhinagar, Bhopal, Raipur, and Mumbai. SBI is the only authorised bank to issue electoral bonds.
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.