Quiz on Banking Awareness

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Number of Questions: 10

Topic: Government Schemes

1. Under the Pradhan Mantri Jan Dhan Yojana, the overdraft facility is available after how many months of successful operation of the account?
   A) 6 months
   B) 4 months
   C) 8 months
   D) 12 months
   
   View answer

   Option A
   Explanation:Overdraft facility up-to ₹.10000 is available after six months. 
    
2. What amount will be paid to the nominee upon death of a person under the Pradhan Mantri Jeevan Jyoti Bima Yojana?
   A) Rs 3 lakh
   B) Rs 1.5 lakh
   C) Rs 1 lakh
   D) Rs 2 lakh
   
   View answer

   Option D
   Explanation: Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. In case of death due to any cause, the payment to the nominee will be ₹2 lakh
3. The National Rural Employment Guarantee Act 2005 (now MGNREGA) was proposed by ____________
   A) Manmohan Singh
   B) P.V. Narasimha Rao
   C) Inder Kumar Gujral
   D) H. D. Deve Gowda
   
   View answer

   Option B
   
4. Which of the following is a maternity benefit scheme launched by the government to give financial help for pregnant and lactating women?
   A) PMGAY
   B) PMKVY
   C) PMMVY
   D) PMJJBY
   
   View answer

   Option C
   Explanation: Pradhan Mantri Matru Vandana Yojana (PMMVY)
5. The UDAN scheme has been launched by which ministry?
   A) Ministry of Civil Aviation
   B) Ministry of Women & Child Development
   C) Ministry of Skill Development
   D) Ministry of Rural Development
   
   View answer

   Option A
   
6. How much amount would be provided under the Pradhan Mantri Jan Arogya Yojana per family per year for secondary and tertiary care hospitalization.
   A) Rs 2 lakh
   B) Rs 5 lakh
   C) Rs 2.5 lakh
   D) Rs 4 lakh
   
   View answer

   Option B
   
7. What is the policy term of Pradhan Mantri Vaya Vandana Yojana?
   A) 12 years
   B) 8 years
   C) 10 years
   D) 15 years
   
   View answer

   Option C
   
8. Which of these is a Direct Benefits Transfer for LPG (DBTL) Consumers Scheme?
   A) HRIDAY
   B) UJWAL
   C) ROSHINI
   D) PAHAL
   
   View answer

   Option D
   
9. The Atal Pension Yojana was previously known as_________
   A) Swabhiman Yojana
   B) Swavalamban Yojana
   C) Sampoorna Yojana
   D) Saksham Yojana
   
   View answer

   Option B
   
10. Under the Sukanya Samriddhi Account, what should be the maximum deposit limit at any point of time?
    A) Rs 1,50,000
    B) Rs 1,00,000
    C) Rs 2,00,000
    D) Rs 2,50,000
    
    View answer

    Option A
    Explanation: A minimum of ₹250 must be deposited in the account initially. Thereafter, any amount in multiples of Rs 100 can be deposited. However, the maximum deposit limit is ₹150,000. If the minimum deposit of ₹250, (initially which was 1000) is not made in a year, a fine of ₹50 will be put on

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