Security Deposit Rules: Identifying the Incorrect Statement
The question asks to identify the statement regarding election security deposits that is not correct. Let's examine each option:
- Option 1: A candidate forfeits their security deposit if they fail to secure at least one-sixth (1/6th) of the total valid votes cast. This is a standard rule and is generally correct.
- Option 2: The security deposit for contesting elections in a parliamentary constituency is Rs. 25,000. This statement is correct.
- Option 4: The security deposit for contesting elections in an assembly constituency is Rs. 10,000. This statement is correct for general candidates.
- Option 3: This statement concerns the deposits for Presidential and Vice-Presidential elections.
Presidential and Vice-Presidential Election Deposits
The security deposit amounts for the Presidential and Vice-Presidential elections are specific:
- Presidential Election: The security deposit is Rs. 15,000.
- Vice-Presidential Election: The security deposit is Rs. 20,000.
Statement 3 claims the security deposit for *both* Presidential and Vice-Presidential elections is Rs. 20,000. As the deposit for the Presidential election is Rs. 15,000, this statement is inaccurate.
Important Questions from Money and Banking
Which one of the following is likely to be the most inflationary in its effects?
Which one of the following effects of creation of black money in India has been the main cause of worry to the Government of India?
Consider the following statements :
The effect of devaluation of a currency is that it necessarily
1. improves the competitiveness of the domestic exports in the foreign markets
2. increase the foreign value of domestic currency
3. improves the trade balance
Which of the above statements is/are correct?
Indian Government Bond Yields are influenced by which of the following?
1. Actions of the United States Federal Reserve
2. Actions of the Reserve Bank of India
3. Inflation and short-term interest rates
Select the correct answer using the code given below.
With reference to “Urban Cooperative Banks" in India, consider the following statements :
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966
Which of the statements given above is/are correct?
