2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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CBDT
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RBI
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NITI Aayog
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Detailed explanation-1: -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.
Detailed explanation-2: -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.
Detailed explanation-3: -The 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. 2022.
Detailed explanation-4: -Electoral bond would be issued/purchased for any value, in multiples of ‘1,000, ‘10,000, ‘1,00,000, ‘10,00,000 and ‘1,00,00,000 from the specified branches of the State Bank of India (SBI).
Detailed explanation-5: -UPSC Mains State Bank of India (SBI) is the only authorised institution to issue and encash Electoral Bonds through its 29 Authorized Branches.