1) 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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2) 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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3) 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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4) 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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