Pradhan Mantri Suraksha Bima Yojana MCQs- “Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.”
1.What is the primary aim of PMSBY?
A) Life insurance for elderly
B) Affordable accidental death & disability insurance
C) Cover medical expenses
D) Health insurance for all
2.When was PMSBY officially launched?
A) 1st June 2014
B) 1st June 2015
C) 2nd Oct 2015
D) 26th Jan 2016
3.What is the coverage period for PMSBY?
A) 6 months
B) 1 year, renewable annually
C) Lifetime
D) 2 years
4.Who is eligible to enroll in PMSBY?
A) Any citizen
B) Saving account holders aged 18–70 with Aadhaar-linked KYC
C) Senior citizens only
D) Salaried employees only
5.Sum assured for accidental death or total disability under PMSBY:
A) ₹1 lakh
B) ₹2 lakh
C) ₹5 lakh
D) ₹50,000
6.Annual premium for PMSBY as per latest rates:
A) ₹12
B) ₹20, GST exempt
C) ₹25
D) ₹15
7.Which event terminates PMSBY coverage?
A) Address change
B) Attaining 70 years of age
C) Account inactivation
D) Mobile number change
8.What is the waiting (probation) period for PMSBY?
A) 30 days
C) 15 days
B) 45 days
D) No probation
9.How many PMSBY enrollments are allowed per person?
A) Multiple
B) Only one; duplicates lead to forfeiture
C) Two
D) One per bank
10.Who coordinates claim settlements in PMSBY?
A) Ministry of Finance
B) India Post or Participating Banks
C) Insurance company only
D) IRDAI
