Topics: CH-5: RURAL DEVELOPMENT, Indian Economic Development, NCERT Books

Overdraft Facility Under Jan Dhan Yojana

Question

Under Jan Dhan Yojana, account holders can get overdraft facilities for:

Select an answer

Under Jan Dhan Yojana, account holders can get overdraft facilities for:

  1. Rs. 5,000
  2. Rs. 10,000 — Correct Answer
  3. Rs. 25,000
  4. Rs. 50,000
Explanation:
Correct Answer Explanation

Under Jan Dhan Yojana, account holders can get overdraft facilities for Rs. 10,000.

Key Points:
  • They also get Rs. 1-2 lakh accidental insurance coverage.
  • No minimum bank balance is required.
  • Over 50 crore people opened accounts under this scheme.
  • It promotes thrift habit and efficient allocation of financial resources.
Why Other Options Are Wrong
  • A, C, D: The correct overdraft facility is Rs. 10,000.

📚 About this Topic — CH-5: RURAL DEVELOPMENT

This multiple choice question is from CH-5: RURAL DEVELOPMENT, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-5: RURAL DEVELOPMENT to strengthen your preparation.

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