Multiple Choice Questions on Indian government is working on JAM Trinity Which of the following is incorrect in this context ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Indian government is working on JAM Trinity Which of the following is incorrect in this context ........

Economic Affairs Public Finance and Debt Management
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    Indian government is working on JAM Trinity. Which of the following is incorrect in this context?

    It aims to reduce the total cost of subsidy which at the moment is more than 8% of budgetary allocation

    Correct Answer

    Two of three components aim on identification of real beneficiary to target leakages in present system.

    Incorrect Answer

    Jan Dhan Yojana account can be opened by providing Aadhar card as proof of identity.

    Incorrect Answer

    Jan Dhan Yojana account provides free insurance cover for family

    Incorrect Answer
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    Explanation:
    1st statement is incorrect i.e. JAM aims to reduce the total cost of subsidy which at the moment is more than 8% of budgetary allocation.
    JAM (short for Jan Dhan-Aadhaar-Mobile) trinity refers to the government of India initiative to link Jan Dhan accounts, Mobile numbers and Aadhar cards of Indians to plug the leakages of government subsidies.
     

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