UPSC Prelims Practice Questions — Government Strengthens Financial Inclusion Ecosystem Through Flagship Schemes

Question 1

In which year was the Pradhan Mantri Jan Dhan Yojana (PMJDY) launched as the National Mission for Financial Inclusion?

Accepted Answer

2014

Answer

2011

Answer

2015

Answer

2016

Question 2

With reference to the facilities available to a Pradhan Mantri Jan Dhan Yojana (PMJDY) account-holder, consider the following:
1. RuPay debit card
2. Overdraft facility up to ₹10,000
3. In-built accident insurance cover of ₹2 lakh
4. Mandatory minimum balance of ₹1,000
Which of the above is/are correctly identified?

Accepted Answer

1, 2 and 3 only

Answer

1 and 2 only

Answer

2, 3 and 4 only

Answer

1, 2, 3 and 4

Question 3

The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is operationalised primarily through which of the following?

Accepted Answer

Public sector general insurance companies and other willing insurers

Answer

Life Insurance Corporation of India only

Answer

Pension Fund Regulatory and Development Authority

Answer

National Bank for Agriculture and Rural Development

Question 4

What is the annual premium (in rupees) payable by a subscriber under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

Accepted Answer

₹436

Answer

₹20

Answer

₹330

Answer

₹500

Question 5

Under the Atal Pension Yojana (APY), what is the band of guaranteed monthly pension that a subscriber can opt to receive on attaining 60 years of age?

Accepted Answer

₹1,000 to ₹5,000

Answer

₹500 to ₹3,000

Answer

₹2,000 to ₹5,000

Answer

₹1,000 to ₹10,000

Question 6

The Atal Pension Yojana (APY) is administered by which of the following bodies?

Accepted Answer

Pension Fund Regulatory and Development Authority

Answer

Reserve Bank of India

Answer

Insurance Regulatory and Development Authority of India

Answer

Securities and Exchange Board of India

Question 7

Which scheme is the flagship instrument operationalising the 'banking the unbanked' pillar of the National Mission for Financial Inclusion?

Accepted Answer

Pradhan Mantri Jan Dhan Yojana

Answer

Pradhan Mantri Jeevan Jyoti Bima Yojana

Answer

Atal Pension Yojana

Answer

Pradhan Mantri Mudra Yojana

Question 8

Consider the following as stated guiding pillars of the National Mission for Financial Inclusion:
1. Banking the unbanked
2. Securing the unsecured
3. Funding the unfunded
4. Insuring the uninsured
Which of the above is/are NOT correct?

Accepted Answer

4 only

Answer

1 and 2 only

Answer

3 only

Answer

1, 3 and 4 only

Question 9

Which scheme is specifically designed to facilitate bank loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs for setting up greenfield enterprises?

Accepted Answer

Stand-Up India

Answer

Pradhan Mantri Mudra Yojana

Answer

PM SVANidhi

Answer

Pradhan Mantri Employment Generation Programme

Question 10

As per the latest data placed by the Ministry of Finance (2026), women constitute approximately what share of all Pradhan Mantri Jan Dhan Yojana account-holders?

Accepted Answer

56%

Answer

33%

Answer

43%

Answer

67%

Question 11

With reference to the Swabhimaan campaign (2011) and the Pradhan Mantri Jan Dhan Yojana (2014), consider the following statements:
1. Swabhimaan focused on villages with a population above 2,000, whereas PMJDY adopted a universal household-based coverage approach.
2. Swabhimaan was launched before PMJDY.
3. Unlike Swabhimaan, PMJDY provides no overdraft or RuPay card facility to account-holders.
Which of the statements given above is/are correct?

Accepted Answer

1 and 2 only

Answer

1 only

Answer

2 and 3 only

Answer

1, 2 and 3

Question 12

Which department is the lead/nodal agency anchoring the flagship financial inclusion schemes (PMJDY, PMJJBY, PMSBY) under the Ministry of Finance?

Accepted Answer

Department of Financial Services

Answer

Department of Economic Affairs

Answer

Department of Expenditure

Answer

Department of Revenue

UPSC Prelims Practice Questions — Government Strengthens Financial Inclusion Ecosystem Through Flagship Schemes

Q1. In which year was the Pradhan Mantri Jan Dhan Yojana (PMJDY) launched as the National Mission for Financial Inclusion?

Q3. The Pradhan Mantri Suraksha Bima Yojana (PMSBY) is operationalised primarily through which of the following?

Q4. What is the annual premium (in rupees) payable by a subscriber under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?

Q5. Under the Atal Pension Yojana (APY), what is the band of guaranteed monthly pension that a subscriber can opt to receive on attaining 60 years of age?

Q6. The Atal Pension Yojana (APY) is administered by which of the following bodies?

Q7. Which scheme is the flagship instrument operationalising the 'banking the unbanked' pillar of the National Mission for Financial Inclusion?

Q8. Consider the following as stated guiding pillars of the National Mission for Financial Inclusion: 1. Banking the unbanked 2. Securing the unsecured 3. Funding the unfunded 4. Insuring the uninsured Which of the above is/are NOT correct?

Q9. Which scheme is specifically designed to facilitate bank loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs for setting up greenfield enterprises?

Q10. As per the latest data placed by the Ministry of Finance (2026), women constitute approximately what share of all Pradhan Mantri Jan Dhan Yojana account-holders?

Q12. Which department is the lead/nodal agency anchoring the flagship financial inclusion schemes (PMJDY, PMJJBY, PMSBY) under the Ministry of Finance?