Consider the following Statements relating to Pradhan Mantri Jan Dhan Yojna (PMJDY). It is intended to 1. Provide access to financial and social services at an affordable cost. 2. Use of technology t…

Question

Consider the following Statements relating to Pradhan Mantri Jan Dhan Yojna (PMJDY). It is intended to 1. Provide access to financial and social services at an affordable cost. 2. Use of technology to lower cost and wider reach. 3. Opening of basic saving bank deposit account in camp mode with minimum balance of Rs. 500 and zero charges. 4. Issuance of Indigenous Debit Card. How many of the statements given above are correct?

PYQPulse · Accepted Answer

2 and 4 only

PYQPulse · Answer

Explanation: PMJDY uses technology for low-cost wider reach and issues the indigenous RuPay debit card. Basic accounts are zero-balance (no Rs 500 minimum), and 'social services' is not a stated PMJDY objective. Statements 2 and 4 are correct.

Answer: C. 2 and 4 only

Explanation

Answer: C. 2 and 4 only

Explanation