Sreedhar’s CCE BANKING

GOVT. OF INDIA SCHEMES RELATED TO FINANCIAL SERVICES

1. Under Sovereign Gold Bond Scheme, what is the eligible minimum investment in
the bond?
1) 1 Gram 2) 2 Grams 3) 3 Grams 4) 5 Grams 5) 10 Grams
2. MeraaKhataBhaghyaVidhata is the tagline of which of the following schemes?
1) PMJJBY 2) PMJAY 3) PMSBY 4) PMJDY 5) PMMY
3. MUDRA established as a wholly owned subsidiary of SIDBI. What does letter R
denotes in an acronym MUDRA?
1) Reconstruction 2) Rural 3) Regional
4) Refinance 5) Regulatory
4. Atal Pension Yojana is a guaranteed pension scheme &is administrated by PFRDA.
It Guaranteed monthly pension for subscribers ranging from Rs. __________ to Rs.
__________ per month
1) Rs. 1000 - Rs. 10,000 2) Rs. 2000 - Rs. 5000
3) Rs. 1000 - Rs. 5000 4) Rs. 2000 - Rs. 10,000 5) Rs. 3000 - Rs. 5000
5. What is the maximum amount can be deposited in a Financial Year in Sukanya
Samriddhi Account?
1) Rs. 1 Lakh 2) Rs. 1.5 Lakh 3) Rs. 2.5 Lakh
4) Rs. 5 Lakh 5) No Limit prescribed
6. Atal Pension Yojana - APY is applicable to all citizens of India aged between
__________ Years.
1) 18-40 Years 2) 18-50 Years 3) 18-60 Years 4) 18-55 Years 5) 18-65 Years
7. Pradhan Mantri Jeevan Jyoti Bima Yojana - PMJJBY is what kind of Life Insurance
product?
1) Unit Linked Insurance Plan 2) Money Back Policy
3) Endowment Policy 4) Term Insurance
5) Whole Life Insurance
8. Sukanya Samriddhi Account provides facility of 50% withdrawal of balance to
meet financial requirements of account holder for the purpose of higher education
or marriage after attains the age of __________ Years
1) 10 Years 2) 15 Years 3) 18 Years 4) 20 Years 5) 21 Years
9. In the year 2015, which scheme was initiated to mobilize the idle gold in the
country and put it into productive use and also to provide the customers an
opportunity to earn interest income on their idle gold holdings?
1) Sovereign Gold Bond Scheme 2) Gold Monetization Scheme
3) KubherDhan 4) Gold Deposit Scheme
5) Gold Savings Scheme
10. Pradhan Mantri Jeevan JyotiBimaYojana is a Life Insurance scheme valid for
One Year and is renewable from year to year. The scheme will provide how much
Risk Coveragein case of death any reason.
1) Rs. 50,000 2) Rs. 5 Lakh 3) Rs. 3 Lakh 4) Rs. 2 Lakh 5) Rs. 1 Lakh
11. Government launched a scheme called Sukanya Samriddhi Account for Girl Child.
It can be opened up to the age of __________
1) 3 Years 2) 5 Years 3) 8 Years 4) 10 Years 5) 12 Years

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12. According to Pradhan Mantri Jan Dhan Yojna scheme guidelines, Overdraft facility
is available for up to Rs. ________
1) Rs. 4,000 2) Rs. 5,000 3) Rs. 2,000 4) Rs. 3,000 5) Rs. 10,000
13. PMFBY will insure which among the following?
1) Disability 2) Accidental Death 3) Inadequate old age income
4) Damage of crop 5) Critical Illness
14. ________ is a National Mission for Financial Inclusion to ensure access to financial
services, namely, Banking / Savings & Deposit Accounts, Remittance, Credit,
Insurance, Pension in an affordable manner.
1) PMMY 2) PMJDY 3) PMKVY 4) PMJAY 5) SSY
15. Under Pradhan Manti MUDRA Yojana - PMMY, MUDRA has created a product
called Kishor. This scheme covering loans above Rs. _______ and up to Rs. _______
1) Rs. 1 Lakh - Rs. 3 Lakhs 2) Rs. 50,000 - Rs. 5 Lakhs
3) Rs. 1 Lakh - Rs. 10 Lakhs 4) Rs. 50,000 - Rs. 2 Lakhs
5) Rs. 50,000 - Rs. 3 Lakhs
16. As per guidelines of Pradhan Mantri Vaya Vandana Yojana, Policy Term of PMVVY
is ____ Years.
1) 5 Years 2) 8 Years 3) 3 Years 4) 15 Years 5) 10 Years
17. Pradhan Mantri Suraksha Bima Yojana – PMSBY scheme available to people in
the age group of _________ Years.
1) 18 – 50 2) 18 – 60 3) 18 – 70 4) 21 – 60 5) 21 – 70
18. What is Atal Pension Yojana – APY?
1) Provides social security to unorganised sector
2) Encourages workers to voluntarily save for their retirement
3) Guaranteed pension is paid on attaining age of 60 Years
4) Indian Citizens with age group 18-40 can join in this scheme
5) All of the above
19. As per Pradhan Mantri Vaya Vandana Yojana - PMVVY scheme guidelines, senior
citizens can invest up to Rs. ______ lakh in the pension scheme.
1) Rs. 5 Lakh 2) Rs. 25 Lakh 3) Rs. 10 Lakh 4) Rs. 15 Lakh 5) Rs. 30 Lakh
20. Pradhan Mantri Jan Arogya Yojana will provide financial protection poor, deprived
rural families. It will offer a benefit cover of Rs. ______ per family per year.
1) Rs. 1 Lakh 2) Rs. 10 Lakh 3) Rs. 5 Lakh 4) Rs. 3 Lakh 5) Rs. 2 Lakh
21. As per guidelines of Gold Monetization Scheme, Subscriber can monetise minimum
quantity of 30 Grams Gold. What is the maximum ceiling under the scheme?
1) 4 kg 2) 10 kg 3) 1 kg 4) No Maximum Limit 5) 20 kg
22. Pradhan Mantri KisanMaan Dhan Yojana is voluntary and contributory pension
scheme for all Small and Marginal Farmers across the country. This scheme
applicable for all Small & Marginal Farmers aged between ______ Years.
1) 18 – 50 Years 2) 18 – 40 Years 3) 18 – 60 Years
4) 18 – 55 Years 5) 18 – 45 Years
23. Pradhan Mantri Vaya Vandana Yojana - PMVVY is a pension plan for senior citizens
managed & operated by _________
1) EPFO 2) ESIC 3) LIC 4) GIC 5) UTI
24. As per the guidelines of Pradhan Mantri Vaya Vandana Yojana (PMVVY), Loan
facility is available against this pension plan after completion of how many policy
year(s)?
1) 3 years 2) 1 year 3) 5 years 4) 6 years 5) 8 years

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25. Pradhan Mantri Jeevan Jyothi Bima Yojana is available to people in the age group
of 18 to 50. Subscriber has to pay the premium of Rs. ________ per annum.
1) Rs. 250 2) Rs. 330 3) Rs. 175 4) Rs. 440 5) Rs. 220
26. Sovereign Gold Bonds are government securities denominated in grams of gold.
The tenor of the bond is for a minimum of ___ Years.
1) 5 Years 2) 15 Years 3) 8 Years 4) 10 Years 5) 3 Years
27. LIC has been given the sole privilege to operate Pradhan Mantri Vaya Vandana
Yojana (PMVVY). The objective of PMVVY is to protect elderly persons aged 60
years and above against _______
1) expenses related to critical illness 2) volatility in stock market indices
3) fluctuation in exchange rates due to sluggish economy
4) future fall in their interest income due to the uncertain market conditions
5) Inconsistent movements in asset prices like gold, real estate etc.
28. Shri. Narendra Modi has launched Pradhan Mantri FasalBimaYojana, a crop
insurance scheme on 13th Jan 2016. Under PMFBY, the premium rate will be
____ % of the actual sum assured amount for Kharif crops, and Rabi crops, it will
be ____ % of the total sum assured.
1) 3% & 2% 2) 4% & 3% 3) 4% & 2.5% 4) 5% & 3% 5) 2% & 1.5%
29. Three loan products created under Pradhan Mantri MUDRA Yojana called Sishu,
Kishor&Tarun. Under Tarun category loan product, borrower may get credit support
of up to what amount?
1) Rs. 5 Lakh 2) Rs. 15 Lakh 3) Rs. 20 Lakh 4) Rs. 10 Lakh 5) Rs. 3 Lakh
30. Pradhan Mantri Shram Yogi Maandhan to provide Rs. _____ monthly pension after
age 60.
1) Rs. 2000 2) Rs. 5000 3) Rs. 3000 4) Rs. 10000 5) Rs. 4000

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Govt. of India Schemes related to Financial Services - MCQs
Key
1.1 2.4
3.4 Micro Units Development & Refinance Agency
4.3 5.2 6.1 7.4 8.3 9.2 10.4 11.4 12.5 13.4
14.2 15.2 16.5 17.3 18.5 19.4 20.3 21.4 22.2 23.3
24.1 25.2 26.3 27.4 28.5 29.4 30.3