Recently the government has notified certain details related to political funding through Electoral ...........

Indian Polity Elections

Recently, the government has notified certain details related to political funding through Electoral Bonds. In light of this statement consider the following details about Electoral Bonds:

1. Any citizen of India or any other country can buy Electoral Bonds.

2. Electoral Bonds can be issued in the denominations of 1 thousand, 10 thousand, 10 lakh or 1 crore.

3. Any corporate body incorporated in India can also get the electoral bond issued from the SBI Bank branch.

Which of the above details have been correctly mentioned?

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

- Statement 1: Incorrect. Only citizens of India or entities incorporated or established in India can purchase Electoral Bonds. Foreign citizens cannot buy these bonds.

- Statement 2: Correct. Electoral Bonds can indeed be issued in denominations of ?1,000, ?10,000, ?1 lakh, ?10 lakh, and ?1 crore.

- Statement 3: Correct. Indian corporations are eligible to purchase Electoral Bonds from specified branches of the State Bank of India (SBI).

Thus, the statements that are correct are 2 and 3.

Correct Answer: Option 3 - 2 and 3 only