MCQs on Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Is PMSBY mandatory?
a) Yes
b) No

Answer: b) No
Who bears the premium cost?
a) Government
b) Subscriber
c) Bank
d) Insurance company

Answer: b) Subscriber
What is the claim settlement period?
a) 30 days
b) 60 days
c) 90 days
d) 120 days

Answer: a) 30 days
Which insurance companies implement PMSBY?
a) Only LIC
b) Only private insurers
c) Public and private insurers
d) Only cooperative insurers

Answer: c) Public and private insurers
Is Aadhaar mandatory for PMSBY?
a) Yes
b) No
Answer: a) Yes
What happens if the premium is not paid?

a) Policy continues
b) Policy lapses
c) Penalty charged
d) Coverage reduces

Answer: b) Policy lapses
Who is eligible to claim benefits?
a) Subscriber only
b) Nominee
c) Bank
d) Government

Answer: b) Nominee
What is the coverage period?
a) 1 year
b) 5 years
c) 10 years
d) Lifetime

Answer: a) 1 year
Which account type is required for PMSBY?
a) Savings account
b) Current account
c) Fixed deposit
d) Any account

Answer: a) Savings account
Can NRIs enroll in PMSBY?
a) Yes
b) No

Answer: a) Yes

MCQs on Pradhan Mantri Suraksha Bima Yojana (PMSBY) - 2