1) According to latest data, over 26 crore accounts have been opened under PMJDY. How many of these are in rural areas, approximately?
a. 10 crore
b. 12 crore
c. 16 crore
d. None of the above
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Answer
Explanation
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ANSWER: 16 crore
Explanation:
According to the fresh data released by the Finance Ministry, over 26 crore accounts have been opened under the Pradhan Mantri Jan Dan Yojana across the country till date.
Nearly 16 crore accounts have been opened in rural areas and more than 10 crore in the urban.
Over 71,5000 crore rupees has been deposited in these accounts.
Zero balance accounts have come down by nearly 24%.
Around 20 crore RuPay debit cards have also been issued under the scheme.
The PMJDY was launched in Aug 2014 by PM Narendra Modi to ensure financial inclusion for covering all households with at least one bank account.
More About PMJDY - Government scheme launched by government of India.
- Aims to provide easy access to financial services such as Remittance, Credit, Insurance, Savings, Deposit and Pension.
- Financial inclusion scheme officially launched on 15th August 2014.
- East financial access ensured to everyone at national level.
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2) Which of the following statements is/are correct about Pradhan Mantri Jan Dhan Yojana?
1. After opening account under schme,beneficiary will get free accident insurance cover worth Rs.1 lakh.
2. But to get benefit benefeciiary must use RuPay debit card atleast once every 45 days.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Only 1
Explanation:
- RuPay debit card are provided under Pradhan Mantri Jan Dhan Yojana (PYMJDY).
- National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments system in the country, has relaxed the condition for RuPay
- Cardholder who has swiped the debit card even once in 90 days will be entitled to insurance cover.
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3) Which of the following statements is/are correct?
1. A Bank Mitra acts like an agent in facilitating bank and banking related services, especially in unbanked areas of the country.
2. They can also help produce mini statements of their customers.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
- Bank mitra help in areas where there is no ATMs and branches of banks.
- They help potential customers and help them in opening accounts by verifying identity and collecting all relevant documents.
- They can also ensure delivery of small value remittances and other payment instructions.
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4) Which of the following statements is/are correct about PMJDY?
1. Account holders will be provided zero-balance bank account with RuPay debit card
2. After Six months of opening of the bank account, holders can avail 5,000 ? overdraft from the bank.
a. Only 1
b. Only 2
c. Both
d. None
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Answer
Explanation
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ANSWER: Both
Explanation:
- Pradhan Mantri Jan Dhan Yojana (PMJDY) is the biggest financial inclusion initiative in the world.
- It ensures access to financial services, namely Banking Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
- It is Run by Department of Financial Services, Ministry of Finance.
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5) What percent coverage has Pradhanmantri Jan-Dhan Yojana (PMJDY) achieved in Sikkim?
a. 98.5%
b. 100%
c. 12%
d. 50%
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Answer
Explanation
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ANSWER: 98.5%
Explanation:
The banks, in this small mountainous state with a meagre population of little over six lakhs, have been successful not only in opening new accounts but also in mobilizing handsome balance in the accounts so opened.
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6) Which state has achieved 100% success in implementing the Pradhan Mantri Jan Dhan Yojna?
a. Assam
b. Punjab
c. Kerala
d. Meghalaya
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Answer
Explanation
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ANSWER: Meghalaya
Explanation:
All households in the state have been successfully covered under the scheme. More than 5.53 lakh households have been covered with 1.55 lakh new bank accounts.
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7) Benefits under Pradhan Mantri Jan-Dhan Yojana (PMJDY) are
1) RuPay Debit Card
2) Accident insurance cover of Rs1 lakh for all
3) Life insurance cover of Rs. 30,000 for all
4) Access to Pension, insurance products.
5) Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
a. 1, 2, 4 and 5
b. 1, 2, 3 and 5
c. 1, 2, 3 and 4
d. All of the Above
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Answer
Explanation
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ANSWER: 1, 2, 4 and 5
Explanation:
The beneficiaries will receive a RuPay Debit Card having inbuilt accident insurance cover of Rs1 lakh. In addition, there is a life insurance cover of Rs. 30,000 to those who opened their bank accounts for the first time between 15 August 2014 and 26 January 2015 and meet other eligibility conditions of the Yojana. After satisfactory operation of the account for 6 months, an overdraft facility upto Rs. 5000 would be available in only one account per household, preferably lady of the household.
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