2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC Bank
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SBI
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BOI
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RBI
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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: -State Bank of India (SBI), in the XXIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 09.11. 2022 to 15.11.
Detailed explanation-3: -Election Bonds To develop and purge the nation’s political fundraising system, the government announced the Electoral Bond Scheme, on January 2, 2018.
Detailed explanation-4: -For instance, the 22nd tranche of bond sales took place from October 1-10, 2022 while 21st tranche was from July 1-10, 2022. Sale of the first batch of electoral bonds happened from March 1-10, 2018. SBI is the only authorised bank to issue electoral bonds.