CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Electoral bonds of how much worth has been sold during the 23rd phase in November?
A
Rs 500 crore
B
Rs 1000 crore
C
Rs 106 crore
D
Rs 676 crore
Explanation: 

Detailed explanation-1: -Electoral bonds worth Rs. 676 crore were sold during the 23rd phase in November.

Detailed explanation-2: -Electoral bonds are instruments/securities that are used to donate funds to political parties. Electoral Bonds may be purchased by a person 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: -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.

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