BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the full form of PMSBY?
A
Pradhan Mantri Suraksha Bima Yojana
B
Pradhan Mantri Security Bima Yojana
C
Pradhan Mantri Suraksha Banking Yojana
D
Public Management Suraksha Bima Yojana
Explanation: 

Detailed explanation-1: -Pradhan Mantri Suraksha Bima Yojana(PMSBY)

Detailed explanation-2: -All savings bank account holders in the age 18 to 70 years in participating banks will be entitled to join. In case of multiple saving bank accounts held by an individual in one or different banks, the person would be eligible to join the scheme through one savings bank account only.

Detailed explanation-3: -PRADHAN MANTRI SURAKSHA BIMA YOJANA [PMSBY]

Detailed explanation-4: -PMSBY Premium Much like any government-initiated scheme, PMSBY is available to Indian citizens for a nominal price of ₹12 per year. This amount is deducted directly from the linked savings bank account of the insured on an annual basis. The premium is deducted on or before June 1 each year.

Detailed explanation-5: -A government-sponsored accident insurance program, the Pradhan Mantri Suraksha Bima Yojana, provides coverage for accidental death, total and partial disability, as well as permanent disability.

There is 1 question to complete.