APFC 2016 GENERAL STUDIES- ** 60 QUESTIONS ASKED FROM OUR MOCK PAPERS IN GENERAL STUDIES SECTION
Here is the list of questions that have been asked directly/indirectly in APFC 2016 from our Mock Series APFC QUESTION 1. Q. The Rangarajan committee on disinvestment of shares in Public sector enterprises suggested that 1.The percentage of equity to be divested should be more than 49% for industries explicitly reserved for the public sector and it should be either 74% or 100% for others. 2.Year-wise targets of disinvestment should be maintained. Which of the above statements is/are correct? A) 1 only B) 2 only C) Both 1 and 2 D) Neither 1 nor 2 Ans. A MOCK-28 Q.19 Q.19 The Rangarajan Committee on disinvestment of shares in public sector units did not suggest that A) The percentage of equity to be disinvested should be 49 percent in reserved industries and 75 percent in other cases B) A year wise targets of disinvestment should be maintained C) A scheme of preferential offer of shares to workers and employers in PSEs may be devised D) 10% of the proceeds of disinvestment may be set apart by the government for lending to PSEs on concessional terms Ans. B APFC QUESTION 2. Q. Consider the following statements regarding the Pradhan Mantri Jeevan Jyoti Bima Yojana: 1.It is applicable to all adults above the age group of 18 years. 2.The premium is deducted from the account holder’s bank account through ‘auto debit facility.’ 3.The life insurance worth is decided by the account holder and he has to pay the annual premium accordingly. 4.The life insurance amount is given to the family after the death of the subscriber. Which of the above statements the correct? A) 1 and 3 only B) 1 and 4 only C) 2 and 4 only D) 2 and 3 only Ans. C MOCK-48 Q.95 Q.95 With reference to the Pradhan Mantri Jeevan Jyoti Bima Yojana, which among the following statements are correct ? 1. It is a Life Insurance coverage plan 2. This scheme is available for all the age groups Codes: A) Only 1 B) Only 2 C) Both are correct D) Both are incorrect Ans. A Pradhan Mantri Jeevan Jyoti Bima Yojana is available to people between 18 and 50 years of age with bank accounts. It has an annual premium of ₹330 (US$5.00) excluding service tax, which is above 14% of the premium. The amount will be automatically debited from the account. In case of death due to any cause, the payment to the nominee will be ₹2 lakh (US$3,000). This scheme will be linked to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme. Most of these account had zero balance initially. The government aims to reduce the number of such zero balance accounts by using this and related schemes. This plan covers both natural and accidental death risk. The maximum sum assured offered under this Govt Scheme is Rs 2 Lakhs. APFC QUESTION 3. Q. Consider the following statements regarding the Pradhan Mantri Suraksha Bima Yojana: 1.It is application for all bank account holders up to the age of 60 years. 2.It is life insurance cover. 3.It is an accident insurance cover. 4.The insurance covers death and permanent disability due to accident. Which of the above statements are correct? A) 1 and 2 only B) 3 and 4 only C) 2 and 3 only D) 1 and 4 only Ans. B MOCK-53 Q.24 Q.24 Which one of the following statements with regard to Pradhan Mantri Suraksha Bima Yojana is NOT correct? A) The yearly premium is Rs. 12 B) It is available to all savings bank account holders in the age group of 18 to 50 years C) It has accidental death and disability cover of Rs. 2,00,000 D) There is a provision of payment of Rs. 1,00,000 for partial permanent disability Ans. C Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in February 2015. It was formally launched by Prime Minister Narendra Modi on 9 May in Kolkata. As of May 2015, only 20% of India’s population has any kind of insurance, this scheme aims to increase the number APFC QUESTION 4. Q. Consider the following statements in respect of Atal Pension Yojana: 1.Beneficiary must be in the age group of 18 to 40 years. 2.Beneficiary will receive the pension only after he attains the age of 60 years. 3.After the death of a beneficiary, his spouse continues to receive the pension. 4.No nominee of the beneficiary is permitted. Which of the above statements are correct? A) 3 and 4 only B) 1, 3 and 4 only C) 1, 2 and 3 only D) 1, 2, 3 and 4 Ans. C MOCK-67 Q.1 Q.1 Prime Minister Narendra Modi has launched three ambitious social security schemes, relating to the insurance and pension sector and intended at widening the process of financial inclusion.Which of the following is not among those? A) Pradhan Mantri Suraksha Bima Yojana (accident insurance) B) Pradhan Mantri Jeevan Jyoti Yojana (life insurance) C) Kisan Jeevan Jyoti Yojana (life insurance) D) Atal Pension Yojana” (Pension) Ans. C Atal Pension Yojna (APY) The scheme will be launched on June 1 2015 and focus is on the unorganised sector. A pension provides people with a monthly income when they are no longer earning. A Subscriber receives pension based on accumulated contribution out of his current income.Under the Atal Pension Yojna Scheme (APY), the subscribers ,under the age of 40, would receive the fixed monthly pension of Rs. 1000 to Rs 5000 at the age of 60 years, depending on their contributions. To make the the pension scheme more attractive, government would co-contribute 50 per cent of a subscriber’s contribution or Rs 1,000 per annum, whichever is lower to each eligible subscriber account for a period of of