Question : Jan Dhan Yojana has induced millions of people to open their bank accounts. It will lead to an increase in __________
Option 1: Inflation
Option 2: Primary deposits
Option 3: Deflation
Option 4: Value of currency
Correct Answer: Primary deposits
Solution : The correct answer is (b). Primary deposits
The implementation of the Jan Dhan Yojana, a financial inclusion program in India, has indeed encouraged millions of people to open bank accounts. This has significant implications for the banking system and the economy. One of the direct effects is an increase in primary deposits.
Primary deposits refer to deposits made directly by customers into their bank accounts. With more individuals opening bank accounts as a result of the Jan Dhan Yojana, there is a rise in primary deposits. These deposits contribute to the overall deposit base of banks, which they can then utilize for lending and other financial activities.
The increase in primary deposits can have a positive impact on the banking system, as it provides a stable and reliable source of funds for banks to support lending and economic growth. It also promotes financial inclusion by allowing individuals to access various banking services and participate in formal financial systems.
Question : Assertion (A): A programme called Pradhan Mantri Jan Dhan Yojana is accessible as of 2014 and encourages people in India to open bank accounts. Reason: This programme aims to immediately transfer all government programmes' and subsidies' benefits to account holders in addition to encouraging saving habits.
Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
Option 3: Assertion (A) is True but Reason (R) is False
Option 4: Assertion (A) is False but Reason (R) is True
Question : What is a significant difference between British and Indian accounts of the Revolt of 1857 in terms of their focus?
Option 1: British accounts focus on military strategies, while Indian accounts focus on social impact
Option 2: British accounts emphasize the role of technology, while Indian accounts highlight traditional warfare
Option 3: British accounts portray the revolt as a criminal act, while Indian accounts view it as a struggle for freedom
Option 4: British accounts are more factual, while Indian accounts are more emotional
Question : ___________ is a type of banking service that allows customers to access their bank accounts and perform transactions through the internet.
Option 1: Online banking
Option 2: Mobile banking
Option 3: Telephone banking
Option 4: ATM banking
Question : What is a primary source of firsthand accounts for the study of the partition of India?
Option 1: Archaeological artifacts
Option 2: Government archives
Option 3: Oral testimonies
Option 4: Historical novels
Question : This function facilities maintenance of business accounts, which would be otherwise impossible.
Option 1: Medium of exchange
Option 2: Measure of value
Option 3: Store of value
Option 4: Standard of deferred payment.
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