How aware are you about Electoral Bonds?
This quiz is to know about your knowledge about electoral bonds.
What are electoral bonds?
Electoral bonds are essentially loan agreements between the bond issuer and an investor
Electoral bonds are bearer instruments in the nature of Promissory Notes issued by SBIs to donate money to the political parties
Electoral bonds are issued by a corporation in order to expand business
Who can purchase an electoral bond?
Individual citizen
Association of persons, whether incorporated or not
Company or a firm
All of the above
Does an electoral bond carry the name of a donor?
Yes
No
Electoral bonds are available in the denomination of?
Rs 1000, Rs 10,000, Rs 1 Lakh, Rs 10 Lakhs and Rs 1 Crore
Rs 1000, Rs 10,000, Rs 10 Lakh, Rs 1 Crore and Rs 10 Crore
Rs 10,000, Rs 1 Lakh, Rs 10 Lakh, Rs 1 Crore and Rs 10 Crore
What is the criteria for a political party to encash electoral bonds?
A party should be registered under section 29A of the Representation of the People Act
A party should have secured at least 1% of the votes polled in the last general election to the Lok Sabha or the State Assembly
All of the above
None of the above
How much worth of electoral bonds were encashed by political parties in the first cycle in March, 2018?
Rs 222 crores
Rs 320 crores
Rs 485 crores
Which political party declared receiving donations through electoral bonds in November 2018?
BJP
INC
JDS
All of the above
Electoral bonds were introduced by Finance Act, 2017 and Finance Act, 2016?
Yes
No
How many statutes were amended through Finance Act, 2017 & Finance Act 2016 to introduce electoral bonds?
Reserve Bank of India Act, 1934 & Representation of the People Act, 1951
Income Tax Act, 1961 & Companies Act, 2013
Foreign Contribution Regulation Act, 2010 (FCRA)
All of the above
Which bank issues electoral bonds?
Yes Bank
Punjab National Bank
State Bank of India
All of the above
Are Electoral bonds exempted from Income Tax?
Yes
No
Are the donors' names and donation amounts (details) shared with the public?
Yes
No
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