BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Life Insurance Corporation of India (LIC)
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Reserve Bank of India (RBI)
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The new India assurance company limited (NIACL)
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Agriculture insurance company of India limited (AICIL)
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Detailed explanation-1: -Aam Admi Bima Yojana was launched on October 2, 2007. It is an Indian social security scheme that aims at the low-income families of India. Fishermen, car drivers, cobblers, and others who are normally not on payroll can get the benefits from this scheme.
Detailed explanation-2: -Features & benefits of the AABY scheme In case of the insured person’s natural death during the coverage tenure, the nominee or surviving family members will be paid ₹30, 000. In case of accidental death or total permanent disability (loss of both eyes or both limbs), the policyholder or his/her nominee gets ₹75, 000.
Detailed explanation-3: -A Social Security Scheme was initiated and excellently administered by the Government of India in the form of the Aam Aadmi Bima Yojana for the citizens settled under 48 identified vocational/ occupational groups /rural areas with landless households.