Financial Inclusion — Prelims Questions

Which of the following statements about the Pradhan Mantri Jan Dhan Yojana (PMJDY) is/are correct? 1. It aims to provide universal access to banking facilities, including a basic savings bank account. 2. It provides an overdraft facility of up to ₹10,000 for eligible account holders. 3. It mandates the issuance of a RuPay Debit Card with an inbuilt accident insurance cover. Select the correct answer using the code given below:

Consider the following statements regarding Payment Banks (PBs) and Small Finance Banks (SFBs) in India: 1. Both PBs and SFBs can accept demand and time deposits. 2. PBs can issue credit cards, while SFBs cannot. 3. SFBs are required to extend 75% of their Adjusted Net Bank Credit (ANBC) to Priority Sector Lending (PSL). Which of the statements given above is/are correct?

The 'JAM Trinity' is often cited as a cornerstone of India's financial inclusion strategy. Which of the following best describes the components of the JAM Trinity?

Which of the following is NOT a primary objective of the Reserve Bank of India's (RBI) Priority Sector Lending (PSL) norms?

Consider the following statements regarding the Unified Payments Interface (UPI): 1. It allows instant money transfer between bank accounts using a single mobile application. 2. It is developed and regulated by the Reserve Bank of India (RBI). 3. It facilitates both peer-to-peer (P2P) and person-to-merchant (P2M) transactions. Which of the statements given above is/are correct?