Question
With reference to the Pradhan Mantri Jan Dhan Yojana
(PMJDY), consider the following statements: 1. Launched in 2014, the PMJDY has become one of the world’s largest financial inclusion initiatives. 2. The scheme was aimed at providing every household with at least one bank account. 3. It offers features such as RuPay debit cards, insurance coverage, and overdraft facilities. Which of the statements given above is/are correct?ÂSolution
• The PM highlighted the effectiveness of Pradhan Mantri Jan Dhan Yojana (PMJDY) in transforming financial services for India’s poorest over the past 11 years. About PMJDY • Launched on August 28, 2014, the PMJDY has become one of the world’s largest financial inclusion initiatives. • The scheme was aimed at providing every household with a bank account and bringing marginalized and rural communities into the formal banking system. • As of March 2024, more than 52.6 crore accounts have been opened under the scheme, with a total balance of ₹2.63 lakh crore. • The scheme offers several benefits including zero-balance accounts, RuPay debit cards, accidental and life insurance, and overdraft facilities.
- 'P' joined a business with 'Q'. 'P's investment exceeded 'Q's by Rs. 900. 'P' stayed for 9 months and 'Q' for the full year. If the profit share was in the...
P and Q invest Rs. 3000 and Rs. 4500. After 3 months, P increases his capital by Rs. 1500. If the total annual profit is Rs. 2300, find the difference b...
‘A’ invested Rs. 4800 for ‘x’ months while ‘B’ invested Rs. 800 less amount than ‘A’ for (x + 3) months....
Rs. X is invested in a scheme offering 250/4% p.a. for 2 years. The total amount received is Rs. 40,495. If Rs. (X + 3,000) is invested in another schem...
A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...
If the ratio of time periods of investment of A and B is 4:5, profit at the end of the year is Rs.120000 and A’s share in it is Rs.30000, then what is...
Ramesh, Rajan and Ritesh enter into partnership by making investments in the ratio 3 : 5 : 7. After a year, Ritesh invests another Rs. 337600 while Rame...
Two partners A and B invested Rs 70,000 and Rs 50,000 respectively in a business. Both the partners distribute 75% of the profit equally and distribute ...
P started a business with an investment of Rs.14000, after 6 months Q joined him with Rs.16000 and after another 6 months R joined them with Rs.20000. I...
'X' invested Rs. 32,000 to start a business. After 4 months, 'Y' joined with Rs. 48,000. 'X', being an active partner, received 25% of the total annual ...
Relevant for Exams:
