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With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the following statements:
1. It covers only rural areas and those who open an account would get indigenous Debit Card (RuPay card).
2. Guinness World Records has acknowledged the PMJDY's success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign” was achieved by the Department of Financial Services, Government of India.
How many statements given above is/are correct?
  • a)
    Only 1
  • b)
    Only 2
  • c)
    Both 1 & 2
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the...
The Pradhan Mantri Jan Dhan Yojana (PMJDY) has successfully completed nine years of implementation. It was launched on August 28, 2014 and stands as one of the largest financial inclusion initiatives globally, led by the Ministry of Finance to provide affordable financial services to vulnerable and economically disadvantaged sections. About: PMJDY creates a platform for universal access to banking facilities with at least one basic banking account for every household, financial literacy, and access to credit, insurance, and pension facilities. Features of PMJDY: It aims to expand banking services through branches and Banking Correspondents (BCs). It covers both urban and rural areas and those who open an account would get indigenous Debit Card (RuPay card).Hence, statement 1 is not correct.
There is no requirement to maintain any minimum balance in PMJDY accounts. Achievements: More than 50 crore people have been included in the formal banking system through Jan Dhan accounts. Approximately 67% of these accounts have been opened in rural and semi-urban areas. Around 34 crore RuPay cards have been issued to these accounts, providing ₹2 lakh accident insurance cover. Guinness World Records has acknowledged the PMJDY's success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the Department of Financial Services, Government of India."
Hence, statement 2 is correct.
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With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the following statements:1. It covers only rural areas and those who open an account would get indigenous Debit Card (RuPay card).2. Guinness World Records has acknowledged the PMJDYs success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign” was achieved by the Department of Financial Services, Government of India.How many statements given above is/are correct?a)Only 1b)Only 2c)Both 1 & 2d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the following statements:1. It covers only rural areas and those who open an account would get indigenous Debit Card (RuPay card).2. Guinness World Records has acknowledged the PMJDYs success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign” was achieved by the Department of Financial Services, Government of India.How many statements given above is/are correct?a)Only 1b)Only 2c)Both 1 & 2d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the following statements:1. It covers only rural areas and those who open an account would get indigenous Debit Card (RuPay card).2. Guinness World Records has acknowledged the PMJDYs success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign” was achieved by the Department of Financial Services, Government of India.How many statements given above is/are correct?a)Only 1b)Only 2c)Both 1 & 2d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Pradhan Mantri Jan Dhan Yojana (PMJDY), consider the following statements:1. It covers only rural areas and those who open an account would get indigenous Debit Card (RuPay card).2. Guinness World Records has acknowledged the PMJDYs success, certifying that the "Most bank accounts opened in one week as part of the Financial Inclusion Campaign” was achieved by the Department of Financial Services, Government of India.How many statements given above is/are correct?a)Only 1b)Only 2c)Both 1 & 2d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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