Economic Survey MCQ Series- Question 8

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Question:

The Pradhan Mantri Jan Dhan Yojana (PMJDY) will provide

  1. option to open zero balance bank account
  2. financial literacy.
  3. access to insurance.

Select the correct answer using the codes given below.

  1. 1 only
  2. 1 and 2 only
  3. 1 and 3 only
  4. 1, 2 and 3

 

The answer to yesterday’s question is C i.e. 2 and 3 only.

The explanation is as follows:

As per the Human Development Report (HDR) 2015, India ranks 130 out of 188 countries. In comparison with BRICS nations, India has the lowest rank with Russia at 50, Brazil at 75, China at 90 and South Africa at 116. India’s HDI of 0.609 (in 2014) is also below the average of countries in the medium human development group (0.630) but marginally higher than the HDI average of South Asian countries (0.607). As compared to other BRICS nations, India reports the least mean years of schooling, and its Life Expectancy at Birth (LEB) is lower than that of Brazil, China and Russia, but higher than that of South Africa.

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