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MCQs - 2026-03

191.
The simplified account opening process under PMJDY is a key factor in its success. This implies:
A Requiring extensive documentation.
B Minimizing the paperwork and procedural hurdles.
C Mandating in-person verification at remote locations.
D Limiting account opening to specific branches.
192.
PMJDY is considered a cornerstone of India's strategy to:
A Increase income inequality.
B Empower citizens financially and reduce economic disparities.
C Promote a cashless society exclusively.
D Restrict access to financial services.
193.
Which entities have been instrumental in expanding banking access under PMJDY?
A Only private sector banks.
B The RBI and participating banks.
C Non-governmental organizations only.
D International financial institutions.
194.
What is the current focus for PMJDY, beyond account opening?
A Reducing the number of bank branches.
B Enhancing financial literacy and account usage.
C Discouraging savings.
D Increasing the complexity of financial products.
195.
Besides basic banking, what other financial products are being promoted under PMJDY?
A High-risk derivatives.
B Micro-insurance and pension products.
C Foreign currency trading.
D Luxury goods financing.
196.
PMJDY facilitates Direct Benefit Transfers (DBT) by:
A Requiring manual cash distribution.
B Integrating with other government welfare schemes.
C Using only postal money orders.
D Limiting transfers to specific urban centers.
197.
What is a key feature of PMJDY accounts?
A High minimum balance requirement.
B Zero balance facility.
C Mandatory investment in specific schemes.
D Limited transaction capabilities.
198.
Which demographic group has seen significant account opening under PMJDY?
A High-net-worth individuals.
B Women and individuals in rural/semi-urban areas.
C Urban youth only.
D Foreign nationals residing in India.
199.
As of March 2026, approximately how many bank accounts have been opened under PMJDY?
A 200 million
B 350 million
C 500 million
D 700 million
200.
What is the primary objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY)?
A To promote foreign investment.
B To facilitate financial inclusion for all citizens.
C To regulate stock market trading.
D To increase the national debt.