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 :

Question

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 :

Option 1: (B) and (C) only

Option 2: (A) and (E) only

Option 3: (C) and (D) only

Option 4: (A) and (D) only

AfterBoards · Accepted Answer

The answer is '(C) and (D) only'. View full solution:

CUET Economics PYQs

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