Government through the Budget Speech announced three ambitious Social Security Schemes pertaining to the Insurance and Pension Sectors, namely PMJJBY, PMSBY and an the APY to move towards creating a universal social security system, targeted especially for the poor and the under-privileged. Honble Prime Minister launched PMJJBY and PMSBY schemes nationally in

BANKING GENERAL KNOWLEDGE

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Government through the Budget Speech announced three ambitious Social Security Schemes pertaining to the Insurance and Pension Sectors, namely PMJJBY, PMSBY and an the APY to move towards creating a universal social security system, targeted especially for the poor and the under-privileged. Hon’ble Prime Minister launched PMJJBY and PMSBY schemes nationally in

A	Pune
B	Patna
C	Mumbai
D	Kolkata

Explanation:

Detailed explanation-1: -It was launched on 9th May 2015. It is administered by the Ministry of Finance. PMSBY is accidental insurance available to people between the age group of 18-70.

Detailed explanation-2: -Pradhan Mantri Suraksha Bima Yojana is a government scheme launched on 9th May 2015 by PM Narendra Modi. It intends to provide an affordable insurance scheme for the poor and underprivileged people in the age group of 18 to 70 years with a bank account at a premium of Rs.

Detailed explanation-3: -The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) launched in 2015, is a one-year life insurance scheme renewable from year to year offering coverage for death.

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