Economics · Government Schemes

Which one among the following statements is NOT correct about the Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It is a one-year life insurance scheme.✓
2It is available to people in the age group of 18-70 years.
3It is available to individuals having a bank account who give consent for auto-debit.
4It provides risk coverage of ₹2 Lakh for accidental death and permanent total disability, and ₹1 Lakh for permanent partial disability.

Correct answer

It is a one-year life insurance scheme.

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Government Schemes?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Government Schemes

Mahatma Gandhi's last fast unto death in 1948 was primarily against which of the following?

What was the primary meaning of 'Swaraj' as popularized by Mahatma Gandhi during India's independence movement?

What was one major impact of India’s independence on its economy?

Related Practice Questions