1. What is the annual premium for PMSBY?

a) ₹12
b) ₹330
c) ₹500
d) ₹1000
 

Answer: a) ₹12

2. What is the age eligibility for PMSBY?

a) 18–50 years
b) 18–70 years
c) 21–65 years
d) 15–60 years
 

Answer: b) 18–70 years

3. Which type of insurance does PMSBY provide?

a) Health insurance
b) Accidental death and disability cover
c) Life insurance
d) Pension plan
 

Answer: b) Accidental death and disability cover

4. When was PMSBY launched?

a) 2014
b) 2015
c) 2016
d) 2017
 

Answer: b) 2015

5. Which ministry administers PMSBY?

a) Ministry of Finance
b) Ministry of Health
c) Ministry of Labour
d) Ministry of Social Justice
 

Answer: a) Ministry of Finance

6. Maximum coverage for accidental death under PMSBY is:

a) ₹1 lakh
b) ₹2 lakh
c) ₹3 lakh
d) ₹5 lakh
 

Answer: b) ₹2 lakh

7. Coverage for partial disability under PMSBY is:

a) ₹50,000
b) ₹1 lakh
c) ₹2 lakh
d) ₹75,000
 

Answer: a) ₹1 lakh

8. Premium is auto-debited from:

a) Credit card
b) Bank account
c) UPI wallet
d) Cash payment
 

Answer: b) Bank account

9. What is the renewal period for PMSBY?

a) Monthly
b) Quarterly
c) Annually
d) Lifetime
 

Answer: c) Annually

10. Which banks can enroll customers in PMSBY?

a) Only public sector banks
b) Only private banks
c) All banks
d) Only cooperative banks
 

Answer: c) All banks