BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Financial inclusion
|
|
|
Bank
|
|
|
Literacy
|
|
|
Female education
|
Detailed explanation-1: -Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner.
Detailed explanation-2: -Detailed Solution. The correct answer is option 1. PMJDY is a flagship financial inclusion scheme launched by Ministry of Finance.
Detailed explanation-3: -The six pillars-providing bank accounts, credit, insurance, pension, financial literacy, and increasing the penetration of banking agents-were designed to address the prior challenges and to accelerate financial inclusion in India.
Detailed explanation-4: -PMJDY brings about the objective of financial inclusion for all by providing basic banking accounts with a debit card with inbuilt accident insurance. The main features of PMJDY include Rs. 5, 000 overdraft facility for Aadhar-linked accounts and a RuPay debit card with inbuilt Rs. 1 lakh accident insurance cover.