Government Schemes & Financial Inclusion

J&K Bank PO · General & Financial Awareness · 18 practice questions with answers and explanations: 11 Easy, 7 Medium, 0 Hard.

Sample questions

Sample Easy question 1

Under MGNREGA, a rural household is guaranteed at least how many days of wage employment per year?

  1. 100 days
  2. 50 days
  3. 150 days
  4. 200 days
Show answer

Answer: A. The Mahatma Gandhi National Rural Employment Guarantee Act guarantees 100 days of work.

Sample Easy question 2

Direct Benefit Transfer (DBT) mainly helps to:

  1. Send subsidies directly to beneficiaries' bank accounts and reduce leakage
  2. Replace taxes
  3. Increase subsidy rates
  4. Print more currency
Show answer

Answer: A. DBT cuts out middlemen and reduces duplicate or ghost beneficiaries.

Sample Easy question 3

The 'JAM trinity' stands for:

  1. Joint Account Management
  2. Jobs, Agriculture and Manufacturing
  3. Jan Dhan, Aadhaar and Mobile
  4. Justice, Aid and Money
Show answer

Answer: C. JAM links bank accounts, identity and mobile numbers for benefit delivery.

Sample Medium question 4

The PM Suraksha Bima Yojana (PMSBY) provides:

  1. Accident insurance cover
  2. Health insurance for the whole family
  3. Life cover for all causes
  4. Crop insurance
Show answer

Answer: A. PMSBY offers accidental death and disability cover at a very low annual premium.

Sample Medium question 5

Stand-Up India supports bank loans between ₹10 lakh and ₹1 crore to:

  1. Exporters
  2. Salaried employees
  3. SC/ST and women entrepreneurs
  4. Farmers
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Answer: C. The scheme encourages new enterprises by SC/ST and women entrepreneurs.

Sample Medium question 6

The Business Correspondent (BC) model is used mainly to:

  1. Collect income tax
  2. Take banking services to remote areas through agents
  3. Print currency
  4. Audit banks
Show answer

Answer: B. BCs act as agents of banks in places without a branch.

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