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
[show_answer]The correct answer is: Affordable accidental death & disability insurance [/show_answer]
2.When was PMSBY officially launched?
A) 1st June 2014
B) 1st June 2015
C) 2nd Oct 2015
D) 26th Jan 2016
[show_answer]The correct answer is: 1st June 2015 [/show_answer]
3.What is the coverage period for PMSBY?
A) 6 months
B) 1 year, renewable annually
C) Lifetime
D) 2 years
[show_answer]The correct answer is: 1 year, renewable annually[/show_answer]
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
[show_answer]The correct answer is: Saving account holders aged 18–70 with Aadhaar-linked KYC [/show_answer]
5.Sum assured for accidental death or total disability under PMSBY:
A) ₹1 lakh
B) ₹2 lakh
C) ₹5 lakh
D) ₹50,000
[show_answer]The correct answer is: ₹2 lakh [/show_answer]
6.Annual premium for PMSBY as per latest rates:
A) ₹12
B) ₹20, GST exempt
C) ₹25
D) ₹15
[show_answer]The correct answer is: ₹20, GST exempt [/show_answer]
7.Which event terminates PMSBY coverage?
A) Address change
B) Attaining 70 years of age
C) Account inactivation
D) Mobile number change
[show_answer]The correct answer is: Attaining 70 years of age [/show_answer]
8.What is the waiting (probation) period for PMSBY?
A) 30 days
C) 15 days
B) 45 days
D) No probation
[show_answer]The correct answer is: 45 days [/show_answer]
9.How many PMSBY enrollments are allowed per person?
A) Multiple
B) Only one; duplicates lead to forfeiture
C) Two
D) One per bank
[show_answer]The correct answer is: Only one; duplicates lead to forfeiture [/show_answer]
10.Who coordinates claim settlements in PMSBY?
A) Ministry of Finance
B) India Post or Participating Banks
C) Insurance company only
D) IRDAI
[show_answer]The correct answer is: India Post or Participating Banks [/show_answer]
