MCQ

Pradhan Mantri Jan Dhan Yojana MCQ - Practice Questions with Answers

Solve 5 Pradhan Mantri Jan Dhan Yojana questions for RAS/RPSC preparation.

Practice questions

Q1Consider the following statements about the overdraft facility under Pradhan Mantri Jan Dhan Yojana: 1. Eligible account holders may receive an overdraft up to ₹10,000. 2. No conditions are attached to an overdraft up to ₹2,000. Which of the statements given above is/are correct?

A 1 only

B Both 1 and 2

C 2 only

D Neither 1 nor 2

Explanation

Both statements reproduce the revised overdraft provisions. The 2018 continuation of the mission raised the maximum overdraft for eligible holders from ₹5,000 to ₹10,000 and specified that no conditions would be attached to an overdraft up to ₹2,000.

Q2Which one of the following correctly describes the basic deposit account offered under Pradhan Mantri Jan Dhan Yojana?

A A fixed-deposit account that locks the deposit for at least one year

B A savings account requiring a compulsory monthly minimum balance

C A zero-balance basic savings bank deposit account that earns interest on deposits

D A current account available only to registered businesses

Explanation

Pradhan Mantri Jan Dhan Yojana provides an unbanked person with a basic savings bank deposit account. It may be opened with zero balance, requires no minimum balance, and earns interest on the money deposited. It is neither a fixed deposit nor a business current account.

Q3Pradhan Mantri Jan Dhan Yojana was formally launched on which date, and by which Union ministry's department?

A 28 August 2014 — Department of Financial Services, Ministry of Finance

B 15 August 2014 — Department of Expenditure, Ministry of Finance

C 28 August 2015 — Department of Rural Development, Ministry of Rural Development

D 15 August 2015 — Department of Social Justice and Empowerment

Explanation

The Prime Minister announced the mission in the Independence Day address on 15 August 2014, but its formal launch took place on 28 August 2014. The Department of Financial Services under the Ministry of Finance implements this national financial-inclusion mission.

Q4Which one of the following statements about Pradhan Mantri Jan Dhan Yojana is INCORRECT?

A It is primarily a cash-transfer scheme that pays a fixed monthly amount to every account holder.

B It is a national mission for financial inclusion that provides access to banking and related financial services.

C Its accounts are eligible to receive Direct Benefit Transfer payments from government schemes.

D An unbanked person may open its basic savings account through a bank branch or a Bank Mitra outlet.

Explanation

Pradhan Mantri Jan Dhan Yojana does not promise a fixed monthly cash payment. It is a financial-inclusion platform that gives unbanked people access to a basic savings account and related services. The account can receive eligible Direct Benefit Transfer payments, but that function does not turn the mission itself into a cash-transfer scheme.

Q5Match List I with List II and select the correct answer using the code below. List I 1. Formal launch of Pradhan Mantri Jan Dhan Yojana 2. Account-opening cut-off for ₹1 lakh RuPay accident cover 3. Account-opening date from which ₹2 lakh RuPay accident cover applies 4. Total accounts reported in the 11-year update List II a. 56.16 crore b. 28 August 2014 c. Up to 27 August 2018 d. On or after 28 August 2018

A 1-a, 2-b, 3-c, 4-d

B 1-b, 2-d, 3-c, 4-a

C 1-c, 2-b, 3-d, 4-a

D 1-b, 2-c, 3-d, 4-a

Explanation

The mission was formally launched on 28 August 2014. The RuPay accident cover is ₹1 lakh for accounts opened up to 27 August 2018 and ₹2 lakh for accounts opened on or after 28 August 2018. The official 11-year update reported 56.16 crore accounts as on 13 August 2025.

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