Financial Inclusion — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
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 basic savings bank accounts, credit, insurance, and pension. 2. All accounts opened under PMJDY are mandatorily zero-balance accounts. 3. It provides an accidental insurance cover of Rs 2 lakh for RuPay cardholders. Select the correct answer using the code given below:
With reference to the Digital Public Infrastructure (DPI) in India, which of the following statements is/are correct? 1. Aadhaar provides a foundational digital identity for individuals. 2. Unified Payments Interface (UPI) enables real-time, interoperable digital payments. 3. DigiLocker is a platform for secure issuance and verification of documents. Select the correct answer using the code given below:
Which of the following is NOT a component of the 'Quality' dimension of Financial Inclusion, as typically measured by the RBI's Financial Inclusion Index (FII)?
Consider the following statements regarding Priority Sector Lending (PSL) norms in India: 1. All scheduled commercial banks are mandated to achieve a target of 40% of their Adjusted Net Bank Credit (ANBC) for PSL. 2. Micro, Small, and Medium Enterprises (MSMEs) are included under the priority sector. 3. Loans for renewable energy projects are not considered part of the priority sector. Which of the statements given above is/are correct?
Which of the following institutions is primarily responsible for the promotion and development of microfinance through the Self-Help Group (SHG)-Bank Linkage Programme in India?