Government Business & Financial Inclusion Quiz

What is the primary objective of financial inclusion?

• Maximizing profits for banks

• Excluding certain groups from banking services

• Providing basic financial services to all individuals

• Limiting access to financial products based on income

What is the minimum age requirement for opening an account under the Atal Pension Yojana (APY)?

• 18 years

• 25 years

• 30 years

• 35 years

What is the eligibility criteria for opening an account under the Senior Citizen Savings Scheme (SCSS)?

• Age above 50 years

• Age above 55 years

• Age above 60 years

• Age above 65 years

What is the maturity period for the Sovereign Gold Bonds (SGBs)?

• 5 years

• 10 years

• 8 years

• 15 years

Which tier of the National Pension System (NPS) is a non-withdrawable account meant for savings for retirement?

• Tier I

• Tier II

• Tier III

• Tier IV

How often does the interest rate on the Senior Citizen Savings Scheme (SCSS) change?

• Monthly

• Quarterly

• Semi-annually

• Annually

What is the interest rate for the ongoing 1st quarter (2024-25) on the Senior Citizen Savings Scheme (SCSS)?

• 7.1%

• 8.2%

• 6.9%

• 7.5%

What is the minimum contribution required to open a Tier I account under the National Pension System (NPS)?

• Rs. 500

• Rs. 1,000

• Rs. 2,000

• Rs. 5,000

How many accounts can be opened under the Sukanya Samriddhi Yojana for a girl child born in the first two orders of birth in a family?

• One account

• Two accounts

• Three accounts

• Four accounts

Which of the following is NOT a benefit of investing in Sovereign Gold Bonds (SGBs)?

• Guaranteed return on investment

• Exemption from making charges and purity issues

• Use as collateral security for loans

• Option to invest in both DEMAT and paper form