Current Affairs · Government Schemes and Banking
Consider the following statements: Statement 1: Pradhan Mantri Awas Yojana - Urban (PMAY-U) 2.0 includes an Interest Subsidy Scheme (ISS) for the middle-income group with income up to 9 lakh per annum, offering a 4 percent interest subsidy for a tenure of up to 12 years on loan amounts up to 25 lakh rupees. Statement 2: The Total Cost of Ownership (TCO) for a cloud-based Software as a Service (SaaS) model in banks is characterized by a lower initial capital expenditure but predictable operating expenses over time. Statement 3: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) specifies that if an individual holds multiple covers across multiple bank accounts, the claim will be restricted to 2 lakh rupees only and the extra premiums will be forfeited. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All Statement 1, Statement 2, and Statement 3✓
- 2Only Statement 2 and Statement 3
- 3Only Statement 1 and Statement 3
- 4Only Statement 1 and Statement 2
Correct answer
All Statement 1, Statement 2, and Statement 3
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