New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Only the Political Parties which secured not less than

    _________ of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds.
    A 0.5% Correct Answer Incorrect Answer
    B 1% Correct Answer Incorrect Answer
    C 1.5% Correct Answer Incorrect Answer
    D 2.5% Correct Answer Incorrect Answer
    E 5% Correct Answer Incorrect Answer

    Solution

    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. Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank.

    Practice Next