Banking Awareness Quiz – Set 54 – Pradhan Mantri Shram-Yogi Maandhan

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Number of Questions: 10

1. Which among the following schemes has been announced by the government in the interim budget 2019 for the workers of the unorganized sector?
   A) PMJJBY
   B) PMSBY
   C) PM-KISAN
   D) PMSYM
   
   View answer

   Option D
   Explanation: Pradhan Mantri Shram Yogi Maandhan (PMSYM)
2. How much amount has been allocated to the mega pension scheme Pradhan Mantri Shram Yogi Maandhan in the interim budget 2019?
   A) Rs 500 crore
   B) Rs 200 crore
   C) Rs 400 crore
   D) Rs 800 crore
   
   View answer

   Option A
   
3. What is the minimum age limit to join the scheme?
   A) 16 years
   B) 18 years
   C) 25 years
   D) 20 years
   
   View answer

   Option B
   
4. What is the maximum age limit to join the scheme?
   A) 45 years
   B) 42 years
   C) 40 years
   D) 48 years
   
   View answer

   Option C
   
5. The monthly income of the unorganised sector worker’s joining the scheme should not exceed Rs ___________
   A) Rs 15000
   B) Rs 12000
   C) Rs 14000
   D) Rs 18000
   
   View answer

   Option A
   Explanation: monthly income should not exceed fifteen thousand rupees
6. The PMSYM will provide an assured monthly pension to the beneficiaries of the scheme once they attain the age of ____________
   A) 55 years
   B) 62 years
   C) 65 years
   D) 60 years
   
   View answer

   Option D
   
7. How much amount of monthly pension would be provided to the beneficiaries of the PMSYM pension scheme?
   A) Rs 2000
   B) Rs 3000
   C) Rs 2500
   D) Rs 5000
   
   View answer

   Option B
   
8. What will be the monthly premium payable by 40 year worker under the scheme?
   A) 100
   B) 55
   C) 200
   D) 150
   
   View answer

   Option C
   Explanation: The worker joining the scheme at the age of 40 years would contribute Rs 200, while workers at the age of 29 years would pay Rs 100.
9. What shall be the monthly contribution of the worker joining the scheme at the age of 18?
   A) 100
   B) 75
   C) 50
   D) 55
   
   View answer

   Option D
   
10. Pradhan Mantri Shram Yogi Maandhan scheme has been launched under which act?
    A) Unorganised Workers’ Social Security Act, 2008
    B) Industrial Employment Act, 1946
    C) Factories Act, 1948
    D) Unorganised Workers’ Welfare Fund Act, 1999
    
    View answer

    Option A
    Explanation: Pradhan Mantri Shram Yogi Maandhan (PMSYM) scheme will be into force from February 15, 2019. The scheme has been brought under the Unorganised Workers’ Social Security Act, 2008.

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