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?

  • A. 2011
  • B. 2014
  • C. 2015
  • D. 2016

Q2. 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?

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

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

  • A. Public sector general insurance companies and other willing insurers
  • B. Life Insurance Corporation of India only
  • C. Pension Fund Regulatory and Development Authority
  • D. National Bank for Agriculture and Rural Development

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

  • A. ₹20
  • B. ₹330
  • C. ₹436
  • D. ₹500

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?

  • A. ₹500 to ₹3,000
  • B. ₹1,000 to ₹5,000
  • C. ₹2,000 to ₹5,000
  • D. ₹1,000 to ₹10,000

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

  • A. Reserve Bank of India
  • B. Insurance Regulatory and Development Authority of India
  • C. Pension Fund Regulatory and Development Authority
  • D. Securities and Exchange Board of India

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

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

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?

  1. Banking the unbanked
  2. Securing the unsecured
  3. Funding the unfunded
  4. Insuring the uninsured
  • A. 1 and 2 only
  • B. 3 only
  • C. 1, 3 and 4 only
  • D. 4 only

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

  • A. Stand-Up India
  • B. Pradhan Mantri Mudra Yojana
  • C. PM SVANidhi
  • D. Pradhan Mantri Employment Generation Programme

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?

  • A. 33%
  • B. 43%
  • C. 56%
  • D. 67%

Q11. 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?

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

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

  • A. Department of Financial Services
  • B. Department of Economic Affairs
  • C. Department of Expenditure
  • D. Department of Revenue
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