CBSE 2021 Class 12 Economics Term 1 Paper

Question : 31 of 60

Marks: +1, -0

Read the following statements carefully and identify the false statement with respect to the Pradhan Mantri Jan Dhan Yojana:"
(Choose the correct alternative)

It promotes habit of saving among masses.
Government uses it for direct benefit transfers under various schemes.
Each account holder is entitled to ₹5,00,000 accidental insurance and $\₹ 30,000$ life insurance.
It ensures financial inclusion of every account holder.

Solution:

\₹ 30,000

life insurance.
Explanation: Objective of PMJDY is ensuring access to various financial services like availability of basic savings bank account access to need based credit remittances facility, insurance and pension to be ex-cluded sections.

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