Updated for 2026 Syllabus Detailed Explanations High-Yield Core Concepts

Bank Promotion Exam Guide

Banking Awareness | Banking Knowledge | for all Bank Exams

Module: General Practice

Q136: Identify the pair that correctly matches the Scheme with its eligible entry age and premium payment mode:

A
PMJJBY: Entry 18–50 years; One-time lump sum payment for lifetime cover.
B
PMSBY: Entry 18–70 years; Auto-debit from bank account annually.
C
APY: Entry 18–60 years; Monthly contribution based on pension slab.
D
PMJDY: Entry 10+ years (Minors); Premium of ₹100 per annum for OD facility.
✅ Correct Answer: B
🎯 Quick Answer:
Only pair B is correct. Detailed Analysis of Errors: 1. A (PMJJBY): Entry is 18–50, but it is not a one-time payment. It requires an annual renewal premium (₹436). 2. C (APY): Atal Pension Yojana entry age is 18–40 years, not 60. 3. D (PMJDY): While minors (10+) can open accounts, there is no premium for the OD facility itself.