Pradhan Mantri Jan Dhan Yojana primarily aims at: MCQ with Answer and Explanation

Question
Pradhan Mantri Jan Dhan Yojana primarily aims at:
A. providing crop insurance
B. building infrastructure
C. providing pensions to all
D. universal financial inclusion with bank accounts and RuPay cards
Answer: Option D
Solution (By JKSSB Mock Tests)
PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of the informal sector?
A. High capital intensity and advanced technology
B. High degree of formal contracts and social security
C. Complete absence of employment generation
D. Easy entry, small scale and lack of formal regulation
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Correct Answer: Option D

Explanation:
The informal sector is marked by ease of entry, small-scale operations, labour intensity, lack of formal contracts and limited access to social security.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Financial Action Task Force' is an intergovernmental body that combats:
A. trade deficits
B. unemployment
C. money laundering and terrorist financing
D. inflation
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Correct Answer: Option C

Explanation:
FATF combats money laundering and terrorist financing.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Fiscal Responsibility and Budget Management Act' originally targeted elimination of revenue deficit by which year?
A. 2010-11
B. 2008-09
C. 2006-07
D. 2013-14
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Correct Answer: Option B

Explanation:
FRBM aimed to eliminate revenue deficit by 2008-09.
This question belongs to: Economy GK Economy Set 1
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