In the election process of the President of India ........

Indian Political System(CSC) Union - Executive, Legisture

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In the election process of the President of India

Every candidate loses his security deposit with the Election Commission (ECI).

Only those who lose the election lose the deposit made with the Reserve Bank of India (RBI).

Candidates who deposit security and do not get nominated by the respective political parties lose their deposits.

None of the above is correct.

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Explanation:

Every candidate has to make a security deposit of Rs 15,000 (as in 2014) in the Reserve Bank of India. The security deposit is liable to be forfeited in case the candidate fails to secure one- sixth of the votes polled. The nomination of a candidate for election to the office of President must be subscribed by at least 50 electors as proposers and 50 electors as seconders. Since not all lose the deposit, and only those who don’t secure enough votes lose their deposits, none of the given options is correct.