Skip to main contentSkip to solution

Government has announced the scheme of 'Jan Dhan Yojana' to encourage adults to open bank accounts. Which of the following is incorrect about the scheme ?

(A) The account holders get an accidental insurance coverage.

(B) Wages, social security payments and old age pension directly get transferred to bank accounts.

(C) There is a need to keep a minimum bank balance.

(D) The account does not allow overdraft facilities.

(E) This scheme promotes thrift habit.

Choose the correct answer from the options given below :

Solution

Correct Option: 3

Jan Dhan Yojana is a zero balance account scheme, so statement (C) about needing a minimum balance is incorrect. The scheme also permits overdraft facility (up to a specified limit) to account holders, so statement (D) denying overdraft is also incorrect. Hence (C) and (D) only are incorrect.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question