Government Schemes Quiz: Miscellaneous

Questions on Various Government Schemes: Here are some important question on the Scheme of Government that are important for competitive exams like IBPS, RBI, RBI, RRB and insurance exams. Check how many you know correctly.

  1. What will be the minimum monthly pension payable to the subscriber under the Atal Pension Yojana (APY)?
    A) Rs 4,000

    B) Rs 2,000
    C) Rs 1,000
    D) Rs 5,000
    View answer
    Option C
    Monthly Pension of either Rs 1000/- , Rs 2000/-, Rs 3000/-, Rs 4000/- or Rs 5000/- would be paid to the subscriber after he attains the age of 60
  2. What should be the minimum age of the person to join the Atal Pension Yojana(APY)
    A) 21 years

    B) 19 years
    C) 20 years
    D) 18 years
    View answer
    Option D
    A person may join the scheme at any age between 18 – 40 years, but he will have to make the monthly contribution till the age of 60 years.
  3. Which of the following is a nation-wide financial inclusion scheme of Government of India?
    A) PMJDY

    C) PMMY
    D) PMSBY
    View answer
    Option A
    Pradhan Mantri Jan Dhan Yojana (PMJDY)
  4. The PMJDY provides an accident insurance cover of how much amount?
    A) Rs 1 lakh

    B) Rs 2 lakh
    C) Rs 1.5 lakh
    D) Rs 75,000
    View answer
    Option B
    Account holder will get RuPay Debit card with inbuilt accident insurance cover of Rs 2 lakh. 
  5. Under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) what will be the insurance cover provided upon the death of the subscriber?
    A) Rs 4 lakh

    B) Rs 3 lakh
    C) Rs 1 lakh
    D) Rs 2 lakh
    View answer
    Option D
  6. What is the total outlay of the Pradhan Mantri Mudra Yojana (PMMY)?
    A) Rs 10,000 crore

    B) Rs 20,000 crore
    C) Rs 15,000 crore
    D) Rs 25,000 crore
    View answer
    Option B
  7. What is the annual premium payable under the Pradhan Mantri Suraksha Bima Yojana
    A) Rs 12 

    B) Rs 20
    C) Rs 25
    D) Rs 18
    View answer
    Option A
  8. What is the maximum amount that can be deposited in a given financial year under the Public Provident Fund?
    A) Rs 2,00,000

    B) Rs 1,00,000
    C) Rs 1,50,000
    D) Rs 2,50,000
    View answer
    Option C
  9. What is the tenure of the Sovereign Gold Bond (SGB)?
    A) 5 years

    B) 8 years
    C) 7 years
    D) 4 years
    View answer
    Option B
    Even though the tenure of the SGB is eight years, the lock-in will be for five years. From the 5th year, exit option can be exercised on the interest payment date 
  10. What is the cut-off-date to determine the beneficiaries of the PM-KISAN scheme?
    A) January 1, 2019

    B) March 31, 2019
    C) December 01, 2018
    D) February 01, 2019
    View answer
    Option D

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