Q41. What is the primary objective of the Pradhan Mantri Mudra Yojana (PMMY)?
a) To provide affordable housing to all citizens
b) To facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small/micro enterprises
c) To promote digital literacy in rural areas
d) To ensure high coverage of children and pregnant women with all available vaccines
Show Answer
Correct Answer: b) To facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small/micro enterprises
Explanation: The primary objective of the Pradhan Mantri Mudra Yojana (PMMY) is to facilitate easy collateral-free micro credit of up to ₹10 lakh to non-corporate, non-farm small/micro enterprises. Launched on April 8, 2015, by Prime Minister Narendra Modi, the scheme aims to provide financial support to small businesses and promote entrepreneurship
Q42. When was the Pradhan Mantri Mudra Yojana launched?
a) 2012
b) 2013
c) 2014
d) 2015
Show Answer
Correct Answer: d) 2015
Explanation: The Pradhan Mantri Mudra Yojana (PMMY) was launched on April 8, 2015, by Prime Minister Narendra Modi. The scheme aims to provide financial support to small businesses and promote entrepreneurship
Q43. What are the three categories of loans under the Pradhan Mantri Mudra Yojana?
a) Shishu, Kishore, and Tarun
b) Surya, Chandra, and Tara
c) Aakash, Dharti, and Gagan
d) Pratham, Dwitiya, and Tritiya
Show Answer
Correct Answer: a) Shishu, Kishore, and Tarun
Explanation: The Pradhan Mantri Mudra Yojana (PMMY) provides loans under three categories: Shishu (loans up to ₹50,000), Kishore (loans from ₹50,000 to ₹5 lakh), and Tarun (loans from ₹5 lakh to ₹10 lakh). These categories cater to different stages of business growth and development
Q44. Which of the following is NOT an eligible lending institution for the Pradhan Mantri Mudra Yojana?
a) Public Sector Banks
b) Private Sector Banks
c) Regional Rural Banks
d) Insurance Companies
Show Answer
Correct Answer: d) Insurance Companies
Explanation: Eligible lending institutions for the Pradhan Mantri Mudra Yojana include Public Sector Banks, Private Sector Banks, Regional Rural Banks, Micro Finance Institutions, Non-Banking Financial Corporations, and Small Finance Banks. Insurance companies are not eligible lending institutions for the scheme.
Q45. What is the maximum loan amount that can be availed under the Pradhan Mantri Mudra Yojana?
a) ₹1 lakh
b) ₹5 lakh
c) ₹10 lakh
d) ₹20 lakh
Show Answer
Correct Answer: c) ₹10 lakh
Explanation: Under the Pradhan Mantri Mudra Yojana (PMMY), the maximum loan amount that can be availed is ₹10 lakh. The scheme provides loans under three categories: Shishu (loans up to ₹50,000), Kishore (loans from ₹50,000 to ₹5 lakh), and Tarun (loans from ₹5 lakh to ₹10 lakh)
Q46. What is the primary objective of the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
a) To provide affordable housing to all citizens
b) To ensure high coverage of children and pregnant women with all available vaccines
c) To provide an affordable accident insurance scheme for the poor and underprivileged people
d) To promote digital literacy in rural areas
Show Answer
Correct Answer: c) To provide an affordable accident insurance scheme for the poor and underprivileged people
Explanation: The primary objective of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) is to provide an affordable accident insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account. The scheme aims to offer protection against death or disability due to accidents
Q47. When was the Pradhan Mantri Suraksha Bima Yojana launched?
a) 2012
b) 2013
c) 2014
d) 2015
Show Answer
Correct Answer: d) 2015
Explanation: The Pradhan Mantri Suraksha Bima Yojana was launched on May 9, 2015, by Prime Minister Narendra Modi. The scheme aims to provide affordable accident insurance coverage to the poor and underprivileged people in India
Q48. What is the maximum coverage amount provided under the Pradhan Mantri Suraksha Bima Yojana in case of accidental death?
a) ₹1 lakh
b) ₹2 lakh
c) ₹5 lakh
d) ₹10 lakh
Show Answer
Correct Answer: b) ₹2 lakh
Explanation: The Pradhan Mantri Suraksha Bima Yojana provides a maximum coverage amount of ₹2 lakh in case of accidental death. The scheme also offers coverage for permanent total disability and partial disability
Q49. What is the annual premium for the Pradhan Mantri Suraksha Bima Yojana?
a) ₹12
b) ₹20
c) ₹50
d) ₹100
Show Answer
Correct Answer: a) ₹12
Explanation: The annual premium for the Pradhan Mantri Suraksha Bima Yojana is ₹12. The premium is deducted from the account holder’s bank account through the ‘auto-debit’ facility in one installment
Q50. Which of the following is NOT covered under the Pradhan Mantri Suraksha Bima Yojana?
a) Accidental death
b) Permanent total disability due to an accident
c) Partial disability due to an accident
d) Death due to natural causes
Show Answer
Correct Answer: d) Death due to natural causes
Explanation: The Pradhan Mantri Suraksha Bima Yojana covers accidental death, permanent total disability due to an accident, and partial disability due to an accident. However, it does not cover death due to natural causes
Q51. What is the primary objective of the Atal Pension Yojana (APY)?
a) To provide affordable housing to all citizens
b) To ensure high coverage of children and pregnant women with all available vaccines
c) To provide a guaranteed minimum pension to citizens working in the unorganized sector
d) To promote digital literacy in rural areas
Show Answer
Correct Answer: c) To provide a guaranteed minimum pension to citizens working in the unorganized sector
Explanation: The primary objective of the Atal Pension Yojana (APY) is to provide a guaranteed minimum pension to citizens working in the unorganized sector. The scheme aims to create a universal social security system for all Indians, especially the poor and underprivileged, by offering a monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60 years
Q52. When was the Atal Pension Yojana launched?
a) 2012
b) 2013
c) 2014
d) 2015
Show Answer
Correct Answer: d) 2015
Explanation: The Atal Pension Yojana was launched on May 9, 2015, by Prime Minister Narendra Modi. The scheme aims to provide financial support to the poor and underprivileged people in the age group of 18 to 40 years, ensuring a guaranteed minimum pension after the age of 60 years
Q53. What is the minimum age to join the Atal Pension Yojana?
a) 18 years
b) 21 years
c) 25 years
d) 30 years
Show Answer
Correct Answer: a) 18 years
Explanation: The minimum age to join the Atal Pension Yojana is 18 years. The scheme is open to all Indian citizens between the ages of 18 and 40 years who have a bank account
Q54. What is the maximum monthly pension amount provided under the Atal Pension Yojana?
a) ₹1,000
b) ₹2,000
c) ₹3,000
d) ₹5,000
Show Answer
Correct Answer: d) ₹5,000
Explanation: The Atal Pension Yojana provides a guaranteed minimum monthly pension ranging from ₹1,000 to ₹5,000 after the age of 60 years, depending on the contributions made by the subscribers
Q55. Which of the following is NOT a feature of the Atal Pension Yojana?
a) Guaranteed minimum pension
b) Auto-debit facility for contributions
c) Free healthcare facilities for all citizens
d) Pension benefits to the spouse after the subscriber’s death
Show Answer
Correct Answer: c) Free healthcare facilities for all citizens
Explanation: The Atal Pension Yojana offers various features such as guaranteed minimum pension, auto-debit facility for contributions, and pension benefits to the spouse after the subscriber’s death. However, it does not provide free healthcare facilities for all citizens
Q56. What is the primary objective of the Pradhan Mantri Awas Yojana (PMAY)?
a) To provide affordable housing to all citizens
b) To ensure high coverage of children and pregnant women with all available vaccines
c) To provide a guaranteed minimum pension to citizens working in the unorganized sector
d) To promote digital literacy in rural areas
Show Answer
Correct Answer: a) To provide affordable housing to all citizens
Explanation: The primary objective of the Pradhan Mantri Awas Yojana (PMAY) is to provide affordable housing to all citizens, particularly those belonging to the low-income families, middle-income groups, and economically weaker sections. The scheme aims to construct 20 million homes by 2022
Q57. When was the Pradhan Mantri Awas Yojana launched?
a) 2012
b) 2013
c) 2014
d) 2015
Show Answer
Correct Answer: d) 2015
Explanation: The Pradhan Mantri Awas Yojana was launched on June 1, 2015, by Prime Minister Narendra Modi. The scheme focuses on providing affordable housing to the urban poor and rural areas under the government’s broader housing-for-all mission
Q58. What is the maximum carpet area for an Economically Weaker Section (EWS) beneficiary under the Pradhan Mantri Awas Yojana?
a) 30 square meters
b) 60 square meters
c) 90 square meters
d) 120 square meters
Show Answer
Correct Answer: a) 30 square meters
Explanation: Under the Pradhan Mantri Awas Yojana, the maximum carpet area for an Economically Weaker Section (EWS) beneficiary is 30 square meters
Q59. What is the interest subsidy provided under the Credit Linked Subsidy Scheme (CLSS) for the Middle-Income Group I (MIG I) category?
a) 3%
b) 4%
c) 6.5%
d) 8%
Show Answer
Correct Answer: b) 4%
Explanation: Under the Credit Linked Subsidy Scheme (CLSS) of the Pradhan Mantri Awas Yojana, the interest subsidy provided for the Middle-Income Group I (MIG I) category, with an annual family income between ₹6 lakh and ₹12 lakh, is 4%
Q60. Which of the following is NOT a feature of the Pradhan Mantri Awas Yojana?
a) Affordable housing for all citizens
b) Interest subsidy on home loans
c) Free healthcare facilities for all citizens
d) Inclusion of urban and rural areas
Show Answer
Correct Answer: c) Free healthcare facilities for all citizens
Explanation: The Pradhan Mantri Awas Yojana focuses on providing affordable housing for all citizens, offering interest subsidies on home loans, and including both urban and rural areas in its scope. However, it does not provide free healthcare facilities for all citizens