2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 500 crore
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Rs 1000 crore
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Rs 106 crore
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Rs 676 crore
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Detailed explanation-1: -“A total of 954 electoral bonds were sold, of which 666 were worth ₹1 crore, 88 worth ₹10 lakh, 143 worth ₹1 lakh, 27 worth ₹10, 000 and 30 worth ₹1, 000, ‘’ the SBI said in its reply to a request by Commodore Lokesh Batra (retd). HT has reviewed the reply.
Detailed explanation-2: -The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank. State Bank of India (SBI), in the XXVI Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed below) w.e.f. 03.04.
Detailed explanation-3: -What is an Electoral Bond. An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India. The citizen or corporate can then donate the same to any eligible political party of his/her choice.