Which among the following statements is false about electoral bond scheme I It aims to cleanse ...........

General Studies(Punjab Allied) Indian Polity

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Which among the following statements is false about electoral bond scheme ?

I. It aims to cleanse the system of political funding in India.

II. Electoral bonds can be purchased by only High Net worth Individuals.

III. Electoral bond is for funding of all the political parties in India.

Choose the correct option

Only II

Only III

II and III

All of the above

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Explanation:

- Statement I: This is true. The electoral bond scheme was introduced in India to make political funding more transparent.

- Statement II: This statement is false. Electoral bonds can be purchased by anyone who is a citizen of India or incorporated in India, not just High Net Worth Individuals.

- Statement III: This is partially true but misleading. Electoral bonds can be used to fund registered political parties that have secured at least one percent of votes polled in the last general election or state election, not all political parties.

?? Correct Option: Option 1, Only II