Consider the following statements about Electoral bonds 1 It would be a bearer instrument of the nat...........

Indian Polity Elections

Consider the following statements about Electoral bonds

1.It would be a bearer instrument of the nature of Promissory Note.

2.These can be issued by Scheduled Commercial banks upon authorisation from the Central Government.

3.Only a Citizen of India or a body incorporated in India can purchase this bond.

How many of the above statements is/are correct?

Only One

Only Two

All Three

None

All of the above

Electoral bonds are indeed a bearer instrument of the nature of a Promissory Note.

Electoral bonds can be issued by Scheduled Commercial banks upon authorization from the Central Government.

Only a citizen of India or a body incorporated in India can purchase electoral bonds.

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