1.What is the primary objective of Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
a. Providing health insurance to rural households
b. Offering life insurance to the urban population
c. Ensuring accident insurance coverage at an affordable premium
d. Supporting agricultural development
Answer: c. Ensuring accident insurance coverage at an affordable premium
2.Under PMSBY, what is the coverage provided in case of accidental death and permanent total disability?
a. Rs. 1 lakh
b. Rs. 2 lakhs
c. Rs. 5 lakhs
d. Rs. 10 lakhs
Answer: b. Rs. 2 lakhs
3.What is the minimum and maximum age for enrollment in Pradhan Mantri Suraksha Bima Yojana?
a. 18-50 years
b. 18-60 years
c. 25-55 years
d. 30-70 years
Answer: b. 18-60 years
4.How often is the premium for Pradhan Mantri Suraksha Bima Yojana deducted from the subscriber’s account?
a. Monthly
b. Quarterly
c. Half-yearly
d. Annually
Answer: d. Annually
5.Under PMSBY, what is the premium amount for accidental death and permanent total disability coverage?
a. Rs. 50 per annum
b. Rs. 100 per annum
c. Rs. 200 per annum
d. Rs. 500 per annum
Answer: b. Rs. 100 per annum
6.Who is eligible to enroll in Pradhan Mantri Suraksha Bima Yojana?
a. Only government employees
b. Individuals holding a savings account in a participating bank
c. Only individuals below the poverty line
d. Only senior citizens
Answer: b. Individuals holding a savings account in a participating bank
7.What is the term of coverage under Pradhan Mantri Suraksha Bima Yojana?
a. Renewable every 2 years
b. Renewable every 3 years
c. Renewable every 5 years
d. Renewable every 10 years
Answer: c. Renewable every 5 years
8.What is the mode of payment for the claim amount under PMSBY in case of accidental death or disability?
a. Lump sum payment to the nominee/legal heir
b. Monthly installments to the insured
c. Direct transfer to the bank account of the insurance company
d. Payment in the form of a pension
Answer: a. Lump sum payment to the nominee/legal heir
9.Who is the implementing agency for Pradhan Mantri Suraksha Bima Yojana?
a. Life Insurance Corporation of India (LIC)
b. National Health Authority (NHA)
c. Public Sector General Insurance Companies
d. New India Assurance Company
Answer: c. Public Sector General Insurance Companies
10.What is the tagline associated with Pradhan Mantri Suraksha Bima Yojana?
a. “Suraksha Se Samriddhi”
b. “Swasthya Suraksha Yojana”
c. “Bima Hai Sahi, Suraksha Hai Sahi”
d. “Ayushman Bharat”
Answer: c. “Bima Hai Sahi, Suraksha Hai Sahi”
11.Under PMSBY, what is the term used for the sum assured in case of accidental death or permanent total disability?
a. Insurance Amount
b. Compensation Value
c. Sum Insured
d. Premium Value
Answer: c. Sum Insured
12.What is the role of banks in the implementation of Pradhan Mantri Suraksha Bima Yojana?
a. Premium collection and enrollment of subscribers
b. Providing medical services to beneficiaries
c. Assessing claims and disbursing compensation
d. Policy formulation and regulation
Answer: a. Premium collection and enrollment of subscribers
13.What is the eligibility criterion for availing the benefits of Pradhan Mantri Suraksha Bima Yojana?
a. Only individuals engaged in hazardous occupations
b. Only individuals with a high income
c. Any individual with a savings bank account
d. Only individuals below the age of 30
Answer: c. Any individual with a savings bank account
14.How can individuals enroll in Pradhan Mantri Suraksha Bima Yojana?
a. Only through online registration
b. Only through offline registration at bank branches
c. Both online and offline registration
d. Only through insurance agents
Answer: c. Both online and offline registration
15.What is the procedure for renewal of Pradhan Mantri Suraksha Bima Yojana after the initial coverage period?
a. Automatic renewal without any action required from the subscriber
b. Renewal through a fresh enrollment process
c. Renewal by paying the annual premium
d. Renewal through a biometric verification process
Answer: c. Renewal by paying the annual premium
16.What is the age limit for availing the benefits of the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?
a. 18-50 years
b. 18-60 years
c. 25-55 years
d. 30-70 years
Answer: b. 18-60 years
17.Under PMSBY, what is the term used for the insurance cover for partial disability?
a. Accidental Disability Benefit
b. Partial Disability Cover
c. Permanent Partial Disability Benefit
d. Accidental Death Benefit
Answer: c. Permanent Partial Disability Benefit
18.What is the premium amount for Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accidental death and permanent total disability coverage?
a. Rs. 50 per annum
b. Rs. 100 per annum
c. Rs. 200 per annum
d. Rs. 500 per annum
Answer: b. Rs. 100 per annum
19.What is the term used for the document provided to the subscriber upon successful enrollment in PMSBY?
a. Insurance Certificate
b. Policy Document
c. Enrollment Voucher
d. Coverage Certificate
Answer: a. Insurance Certificate
20.What is the grace period for renewal under Pradhan Mantri Suraksha Bima Yojana (PMSBY) after the completion of the coverage period?
a. 15 days
b. 30 days
c. 45 days
d. 60 days
Answer: b. 30 days