UPSC Prelims Practice Questions — Three Jan Suraksha Schemes - Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana (APY) complete 11 years of providing social security cover

Q1. With reference to the three Jan Suraksha schemes (PMJJBY, PMSBY and APY), consider the following statements: Which of the statements given above is/are NOT correct?

1. The three schemes were launched by the Prime Minister on 9 May 2015 at Kolkata.
2. The Pradhan Mantri Jeevan Jyoti Bima Yojana is administered by the Ministry of Labour and Employment.
3. The Atal Pension Yojana is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
4. The schemes were originally announced in the Union Budget 2015-16.

• A. 1 and 3 only
• B. 2 only
• C. 2 and 4 only
• D. 3 and 4 only

Q2. Which one of the following is the nodal regulatory authority for the administration of the Atal Pension Yojana (APY)?

• A. Insurance Regulatory and Development Authority of India (IRDAI)
• B. Reserve Bank of India (RBI)
• C. Pension Fund Regulatory and Development Authority (PFRDA)
• D. Securities and Exchange Board of India (SEBI)

Q3. The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is administered by which one of the following?

• A. Insurance Regulatory and Development Authority of India (IRDAI)
• B. Pension Fund Regulatory and Development Authority (PFRDA)
• C. Department of Financial Services, Ministry of Finance
• D. Life Insurance Corporation of India under the Ministry of Corporate Affairs

Q4. With reference to the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY), consider the following statements: 1. PMJJBY provides life cover for death due to any cause, whereas PMSBY covers only accidental death or disability. 2. The maximum entry age under PMJJBY is 50 years, whereas under PMSBY it is 70 years. 3. Unlike PMSBY, the life cover under PMJJBY can continue up to the age of 70 years on regular payment of premium. Which of the statements given above is/are correct?

1. PMJJBY provides life cover for death due to any cause, whereas PMSBY covers only accidental death or disability.
2. The maximum entry age under PMJJBY is 50 years, whereas under PMSBY it is 70 years.
3. Unlike PMSBY, the life cover under PMJJBY can continue up to the age of 70 years on regular payment of premium.

• A. 1 and 2 only
• B. 2 and 3 only
• C. 1 and 3 only
• D. 1, 2 and 3

Q5. Which one of the following is the nodal department for the implementation of the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

• A. Department of Financial Services, Ministry of Finance
• B. Insurance Regulatory and Development Authority of India (IRDAI)
• C. Pension Fund Regulatory and Development Authority (PFRDA)
• D. Department of Posts, Ministry of Communications

Q6. What is the maximum entry age (in completed years) for an individual to enrol under the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

• A. 50 years
• B. 55 years
• C. 65 years
• D. 70 years

Q7. Which one of the following is the statutory regulator responsible for administering the Atal Pension Yojana (APY)?

• A. Insurance Regulatory and Development Authority of India (IRDAI)
• B. Employees' Provident Fund Organisation (EPFO)
• C. Pension Fund Regulatory and Development Authority (PFRDA)
• D. Reserve Bank of India (RBI)

Q8. How many fixed guaranteed monthly pension slabs are offered to a subscriber on attaining the age of 60 years under the Atal Pension Yojana (APY)?

• A. Three
• B. Four
• C. Five
• D. Six

Q9. The 'claims ratio' cited as the principal rationale for the 2022 revision of premium rates of PMJJBY and PMSBY refers to which one of the following?

• A. The ratio of the value of claims paid out by the implementing insurers to the value of premiums collected from subscribers
• B. The ratio of claims rejected by insurers to total claims received during a financial year
• C. The ratio of claims settled within 30 days to total claims received under the schemes
• D. The ratio of insured persons under the schemes to the total adult population of the country

Q10. As on 29 April 2026, approximately how many claims have been settled cumulatively under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) since its launch?

• A. About 1.85 lakh claims
• B. About 10.75 lakh claims
• C. About 27.43 lakh claims
• D. About 58.09 lakh claims

Q11. In the context of India's financial inclusion architecture often described as the 'JAM trinity', which one of the following constitutes its foundational 'Jan Dhan' pillar that provides the basic bank-account rail through which Jan Suraksha premiums are auto-debited?

• A. Pradhan Mantri Jeevan Jyoti Bima Yojana
• B. Pradhan Mantri Jan Dhan Yojana
• C. Pradhan Mantri Mudra Yojana
• D. Atal Pension Yojana

Q12. As per official data released by the Department of Financial Services around the eleventh anniversary of the scheme in August 2025, the cumulative number of accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) — the principal delivery platform for the Jan Suraksha schemes — was closest to which one of the following?

• A. About 36 crore
• B. About 46 crore
• C. About 56 crore
• D. About 66 crore

Q13. Which one of the following is the nodal department of the Government of India responsible for the administration of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY)?

• A. Department of Economic Affairs, Ministry of Finance
• B. Department of Financial Services, Ministry of Finance
• C. Department of Social Justice and Empowerment, Ministry of Social Justice and Empowerment
• D. Department of Revenue, Ministry of Finance

Q14. Under the regulatory and administrative authority of which one of the following bodies does the Atal Pension Yojana (APY) operate?

• A. Insurance Regulatory and Development Authority of India (IRDAI)
• B. Reserve Bank of India (RBI)
• C. Pension Fund Regulatory and Development Authority (PFRDA)
• D. Employees' Provident Fund Organisation (EPFO)