Question
With reference to the Pradhan Mantri Suraksha Bima
Yojana (PMSBY), consider the following statements: 1. PMSBY was launched in 2015 to provide affordable accident insurance coverage of ₹2 lakh for accidental death or full disability at a premium of ₹20 per year. 2. The scheme has been closely linked to the Pradhan Mantri Jan Dhan Yojana (PMJDY) to enable easy enrolment through auto-debit. 3. National Insurance Company (NIC) accounts for nearly 40% of both enrolments and claim settlements under PMSBY. 4. The scheme is limited to people above 40 years of age in the rural and unorganised sector. Which of the statements given above is/are correct?Solution
• Statement 1 – Correct: PMSBY was launched in May 2015, offering ₹2 lakh insurance coverage for accidental death or full disability, with an annual premium of just ₹20. • Statement 2 – Correct: To maximize outreach, PMSBY was integrated with the Pradhan Mantri Jan Dhan Yojana (PMJDY). This enabled auto-debit enrolment, particularly helping the rural and unorganised sector access insurance seamlessly. • Statement 3 – Correct: National Insurance Company (NIC) has played a leading role, accounting for 38% of enrolments and 40% of claim settlements, disbursing around ₹1,000 crore. • Statement 4 – Incorrect: PMSBY is not restricted to people above 40 years of age. In fact, it covers a much wider age group (18–70 years in the actual scheme design). The news report itself emphasizes that it primarily benefits the rural and unorganised sector, but without such an upper limit condition. Thus, the correct answer is 1, 2 and 3 only.
Statements:
Some bottles are not cans.
All boxes are drawers.
No can is a box.
Conclusions:
I. Some boxes are no...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Statements:
All signals are mobile.
Some mobile are expensive.
All expensive are rare.
Conclusion:
I. Some expens...
Statements: All chocolates are ice-creams.
All ice-creams are toffees.
All toffees are cold-drinks.
...
Statement: Â Â Â Â Â
No Cow is Goat. Â Â Â Â Â
No Goat is Bear. Â Â Â Â Â
No Cow is Bear. Â Â Â Â Â
Conclusion:  �...
Statement:
A few Apple are Coconut.
Only Coconuts are Watermelon.
Only a few Watermelons are Pineapple.
No Pineapple is Ma...
- Statements:
Some coins is dollar
Only dollar is euro
Conclusions:
I. Some euro can be coin
II. All dollar can b... Statements:
A few Platform are Train
Only a few Train are SUV
Only Car are Bus
No SUV are Car
Conclusions:
I. ...
Statements:
Some pen are pencil
No pencil is a mobile
All mobile are laptop
Conclusion:
I. All pen can never be mobile
II. Some laptop can be pen
Relevant for Exams:
