Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme in India aimed at providing life insurance coverage at an affordable premium to individuals. Here are some multiple-choice questions (MCQs) related to PMJJBY suitable for UPSC and PSC exams:
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Scheme: MCQs for PSC and UPSC Exams
1.What is the primary objective of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?
a. Providing health insurance
b. Offering life insurance coverage to the poor and underprivileged
c. Supporting education for girls
d. Promoting agricultural development
Answer: b. Offering life insurance coverage to the poor and underprivileged
2.Under PMJJBY, what is the minimum and maximum age for enrolment?
a. 18 to 60 years
b. 25 to 50 years
c. 30 to 65 years
d. 18 to 70 years
Answer: a. 18 to 60 years
3.What is the annual premium for Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. Rs. 200
b. Rs. 330
c. Rs. 500
d. Rs. 1,000
Answer: a. Rs. 330
4.How is the premium payment made under PMJJBY?
a. Monthly
b. Quarterly
c. Annually
d. One-time lump sum
Answer: c. Annually
5.What is the sum assured in case of the death of the insured under Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. Rs. 1 lakh
b. Rs. 2 lakh
c. Rs. 5 lakh
d. Rs. 10 lakh
Answer: a. Rs. 2 lakh
6.Who administers Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. Life Insurance Corporation of India (LIC)
b. National Insurance Company Limited (NICL)
c. New India Assurance Company Limited (NIACL)
d. Banks and other financial institutions
Answer: d. Banks and other financial institutions
7.What is the mode of payment for the claim amount under PMJJBY in case of the insured’s death?
a. Monthly installments
b. Lump sum
c. Annuity payments
d. No claim is payable
Answer: b. Lump sum
8.What is the term of coverage for Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. 5 years
b. 10 years
c. 15 years
d. 1 year (renewable annually)
Answer: d. 1 year (renewable annually)
9.Who is eligible to enroll in Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. Only government employees
b. Individuals between 18 to 70 years
c. Only women
d. Only those with existing life insurance policies
Answer: b. Individuals between 18 to 70 years
10.In case of the death of the insured, who receives the claim amount under PMJJBY?
a. The nominee designated by the insured
b. The bank where the insured holds the account
c. The government
d. The insurance company
Answer: a. The nominee designated by the insured
11.When does the coverage period for Pradhan Mantri Jeevan Jyoti Bima Yojana begin after enrollment?
a. Immediately upon enrollment
b. After 30 days of enrollment
c. After 45 days of enrollment
d. After 90 days of enrollment
Answer: a. Immediately upon enrollment
12.Can an individual enroll in Pradhan Mantri Jeevan Jyoti Bima Yojana through multiple banks?
a. Yes, but the coverage amount remains the same
b. No, enrollment is allowed only through one bank
c. Yes, with a cumulative sum assured from all banks
d. No, enrollment is restricted to one bank per individual
Answer: b. No, enrollment is allowed only through one bank
13.What happens if the premium payment is not made on time under PMJJBY?
a. A grace period is provided
b. The policy lapses
c. The premium is deducted from the insured’s bank account automatically
d. Premium payment is not required
Answer: b. The policy lapses
14.Under Pradhan Mantri Jeevan Jyoti Bima Yojana, is there a provision for a surrender value or maturity benefit?
a. Yes, there is a surrender value
b. No, there is no surrender value or maturity benefit
c. Only a maturity benefit is provided
d. Only a surrender value is provided
Answer: b. No, there is no surrender value or maturity benefit
15.What is the role of the insurance company in Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. To collect premiums
b. To process claims
c. To market and sell policies
d. All of the above
Answer: b. To process claims
16.How can an individual enroll in Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. Online through the official website
b. Through designated banks
c. Both a and b
d. Only through insurance agents
Answer: c. Both a and b
17.What is the primary role of banks in Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. To set the premium amount
b. To sell insurance policies
c. To enroll individuals and collect premiums
d. To provide medical examinations for policyholders
Answer: c. To enroll individuals and collect premiums
18.In case of the death of the insured, what documents are required for the nominee to claim the insurance amount?
a. Death certificate and medical reports
b. Policy document and claim form
c. Aadhaar card and PAN card
d. Educational certificates of the insured
Answer: b. Policy document and claim form
19.Can an individual renew Pradhan Mantri Jeevan Jyoti Bima Yojana automatically after the first year?
a. Yes, it is renewed automatically
b. No, it requires manual renewal
c. Only if the insured has made a claim
d. Renewal is not allowed
Answer: b. No, it requires manual renewal
20.What is the role of the nominee in Pradhan Mantri Jeevan Jyoti Bima Yojana?
a. To pay the premium amount
b. To receive the claim amount in case of the insured’s death
c. To undergo medical examinations
d. To process the insurance application
Answer: b. To receive the claim amount in case of the insured’s death