The 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) aims at: MCQ with Answer and Explanation

The 'Pradhan Mantri Jan Dhan Yojana' (PMJDY) aims at:
A. Only pension
B. Only insurance
C. Financial inclusion by providing bank accounts to unbanked
D. Tax exemption
Answer: Option C
Solution (By JKSSB Mock Tests)
PMJDY is a national mission for financial inclusion.

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Practice More Accountancy and Book Keeping Questions

Question #1
The 'Traditional Approach' classifies accounts into:
A. Assets, liabilities, equity
B. Income, expenses, assets
C. Current and non-current
D. Real, personal, nominal

Correct Answer: Option D


Explanation:
Under traditional British approach, accounts are classified as personal, real, and nominal.

Question #2
The 'Interim Dividend' is declared by:
A. Shareholders
B. Board of Directors
C. Auditors
D. Government

Correct Answer: Option B


Explanation:
Interim dividend can be declared by the Board of Directors between annual general meetings.

Question #3
Statement of Affairs resembles a:
A. Balance Sheet
B. Profit & Loss Account
C. Cash Book
D. Trial Balance

Correct Answer: Option A


Explanation:
A Statement of Affairs is a list of assets and liabilities, structured exactly like a Balance Sheet, used to estimate capital.