The scheme is a national mission for financial inclusion to ensure access to financial services, namely, Banking/Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner.
Pradhan Mantri Jan-Dhan Yojana was launched in India on
Asked in UPPSC Upper Mains 2015 · Topic: Money & Banking (Financial Inclusion: Strategies, Schemes (e.g., PMJDY), and Digitalization)
More Economic Development questions
- RBI has cleared the resolution to start Payment Banks in India for improving Financial inclusion. Following committee had recommended the creation of Payment Banks.
- Andhra Bank has announced to deploy over 1600 BCs to boost financial and non-financial transactions. Here the term BC stands for
- How much bank loan is provided on subsidised interest rate of 8 percent under Bhamashah Rojgar Srijan Yojana to benefit young educated unemployed youth?
- Who was the chairman of Government of India constituted "Committee on Financial Inclusion"?
- Which of the following benefits is not available in the bank account opened under Pradhan Mantri Jan Dhan Yojana ?
- A sum of money invested at compound interest amounts to ¥ 4,624 in 2 years and to ¥ 4,913 in 3 years. The sum of money is
- So, 4624 = 16 17 17 = 16 289. - R = (289 / (16 289)) 100 = (1/16) 100 = 6.25%. - Now, use the amount after 2 years: P(1 + R/100)² = 4624. - P(1 + 6.25/100)² = 4624. - P(1 + 1/16)² = 4624. - P(17/16)² = 4624. - P(289/256) = 4624. - P = 4624 (256/289). - Since 4624 = 16 289, P = (16 289) (256/289) = 16 256. - 16 256 = 16 (16 16) = 16³ = 4096. - The sum of money is ¥ 4,096. 207. A man buys ¥ 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is
- A invested ¥ 76,000 in a business. After few months, B joined him with ¥ 57,000. At the end of the year, the total profit was divided between them in the ratio 2:1. After how many months did B join?
