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
Dr. Urjit Patel, who has been appointed recently as Governor of Reserve Bank of India, was holding which position immediately prior to this appointment?
As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
What is an annual statement of receipts and expenditure of the government over a fiscal year is known as?
Bank rate is decided by which of the following agencies?
Which of the following money transfer systems allows 24*7*365 transfer of money?
