CCC Question Answers MCQs on Financial Literacy in English Solved Sample Model Question n Paper with answers or Practice Set
- What is Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
a) Accidental insurance cover
b) Life insurance cover
c) Overdraft up to Rs.5,000/-
d) None of above
- What is Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY)?
a) Covers life insurance up to Rs.2 lac
b) Accident insurance cover
c) Both (a) & (b)
d) None of above
- Which type of deposits earns higher interest rate?
a) Current account
b) Savings Account
c) Fixed Deposits
d) None of above
- Under PMSBY, accidental death claim is available for:
a) 1 lac
b) 2 lac
c) 3 lac
d) None of above
- What is validity period of cheque?
a) 4 months from date of issue
b) 3 months from date of issue
c) 1 month from date of issue
d) Unlimited
- Under PMSBY, partial disability claim is available for:
a) 50,000/-
b) 1 lac
c) 2 lac
d) None of above
- Can illiterate person be issued Debit card?
a) No
b) Yes
c) Only in case of joint account
d) Only in case he is head of family
- Under APY, fixed pension can be chosen from:
a) 1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-
b) 2,000/-, Rs.3,000/-, Rs.4,000/-, Rs.5,000/-, Rs.6,000/-
c) 500/-, Rs.1,000/-, Rs.2,000/-, Rs.3,000/-, Rs.4,000/-
d) None of above
- PMJDY LIC Insurance of Rs.30,000/- is available for first time accounts opened
a) On 15th August 2014
b) On 26th January 2015
c) Between 15th August 2014 and 26th January 2015
d) None of above
- _______ are not covered under PMJDY Life Insurance Scheme of Rs.30,000/-
a) Employees of Central / State Govt. / Public Sector Undertakings / Banks
b) Income Tax Payee
c) Aam Aadmi Bima Yojana beneficiaries
d) All of above