Bissoy.com
Doctors Medicines MCQs Q&A

What is not true of the Direct Cash Benefits Transfer Scheme launched by the Central Govt. ? (a) It was launched on 1st January 2013. (b) The pilot phase has been launched in 20 districts scaling down the number from 51. (c) Herein cash will be directly transferred to the Aadhaar linked bank accounts of the intended beneficiaries. (d) It is supposed to prevent corruption and leaky distribution. (e) On the day of the launch the hurdle in Maharashtra was stated to be in adequate number of Aadhar - linked accounts. 

What is not true of the Direct Cash Benefits Transfer Scheme launched by the Central Govt. ? (a) It was launched on 1st January 2013. (b) The pilot phase has been launched in 20 districts scaling down the number from 51. (c) Herein cash will be directly transferred to the Aadhaar linked bank accounts of the intended beneficiaries. (d) It is supposed to prevent corruption and leaky distribution. (e) On the day of the launch the hurdle in Maharashtra was stated to be in adequate number of Aadhar - linked accounts.  Correct Answer None of the above

The correct answer None of the above

Key Points

Direct Benefit Transfer Scheme

  • The program was launched in selected cities of India on 1 January 2013. It was launched in 20 districts, covering scholarships and social security pensions initially. Hence a, b is correct
  • The government has decided to review the progress on regular basis.
    • Witthe h DBT program, the Government of India aims to make payments directly into the Aadhaar linked bank accounts of the end beneficiaries, removing any malpractices from the existing system such as diversions and duplicate payments. Hence c is correct
    • On the day of the launch, the hurdle in Maharashtra was stated to be in an adequate number of Aadhar - linked accounts. Hence e is correct
  • Aim: It has been visioned as an aid for a simpler/faster flow of information and funds to the beneficiaries and to reduce the fraud in the delivery system. Hence d is correct
    • Central Plan Scheme Monitoring System (CPSMS), the earlier version of the Public Financial Management System (PFMS), of the Office of Controller General of Accounts, was chosen to act as the common platform for routing of the Direct Benefit Transfer.
    • Components of DBT: Primary components in the implementation of DBT schemes include Beneficiary Account Validation System, a robust payment and reconciliation platform integrated with RBI, NPCI, Public & Private Sector Banks, Regional Rural Banks and Cooperative Banks (core banking solutions of banks, settlement systems of RBI, Aadhaar Payment Bridge of NPCI), etc.
  • Other Schemes involving DBT:
    • Pradhan Mantri Fasal Bima Yojana, National Food Security Mission, Pradhan Mantri Krishi Sinchai Yojana, PM KISAN, Swachh Bharat Mission Gramin, Atal Pension Yojana, National AYUSH Mission.

[ alt="1622276690 pasted image 0" src="https://www.drishtiias.com/images/uploads/1622276690_pasted%20image%200.png" style="width: 500px; height: 688px;">

Related Questions

The main features of Bhamashah Yojana are
1. Each family is issued a Bhamashah card in the name of the female head of the family.
2. Bhamashah card is linked to the bank account of the lady.
3. Multiple cash benefits will be transferred to the bank accounts of the beneficiaries.
4. All non-cash benefits will also be transferred to the bank accounts of the beneficiaries.
Select correct answer -
Consider the following statements about Aadhar Enabled Payments 1. A payment can be made to a person’s bank account via his/her Aadhaar number, provided it is linked to his/her Aadhaar number 2. Aadhar Enabled Payment Systems (AEPS) is the platform in which a person can do basic banking transactions like withdrawal and fund transfer but they cannot deposit cash Which of the above statements is/are correct?
The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while improving access to credit and insurance programs. He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank. Based on the arguments stated below and he information stated above, which of the following arguments state the reason for the problem, ‘But many of India’s villages still lack bank branches or ATMs to help service new customers, while the pace of building new financial infrastructure has actually slowed’.  Arguments: I. Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.  II. With an election due next year, the mismatch between the government’s policies and the rural banking system is generating frustration among a key slice of India’s electorate. III. The banking system struggled to keep up, while some gains proved temporary. Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months
The Supreme Court struck down Section 57 of the Aadhaar Act that allowed private companies to access Aadhaar data. Which of the following could be the cause of the statement? I: Allowing private enterprise to avail the user’s Aadhaar numbers will lead to the exploitation of data. II: The linking of Aadhaar numbers with mobile phones allows verification of mobile users. III: The Aadhaar act violates the Right to Privacy which is a fundamental right under the constitution.
Which of the following statements with regard to the coverage rate of Aadhar cards during 2015 is/are correct? 1) The coverage rate of Aadhar cards in western India is quite high and it is above 90 per cent in Gujarat 2) The coverage rate of Aadhar cards is the highest in southern India and it is almost 100 per cent in the states of Telangana and Andhra Pradesh. 3) The penetration of Aadhar cards has been very low in the northeastern part of India and it is the lowest in Assam and Meghalaya. Select the correct answer using the code given below:
Consider the following statements: 1. Aadhaar metadata cannot be stored for more than three months. 2. State cannot enter into any contract with private corporations for sharing of Aadhaar data. 3. Aadhaar is mandatory for obtaining insurance products. 4. Aadhaar is mandatory for getting benefits funded out of the Consolidated Fund of India. Which of the statements given above is / are correct ?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested course of action logically follow (s) for pursuing. Statement: Reliance Jio Infocomm, the most recent entrant in India’s telecom service sector, may be more adversely affected by the Supreme Court order curbing the use of Aadhaar than older rivals Vodafone Idea and Bharti Airtel. The apex court order disallowing telcos from using the faster Aadhaar-based verification system could slow the pace of subscriber additions significantly, potentially delaying the company’s plan to acquire a 50% revenue market share. The Mukesh Ambani-owned telco has been adding many more subscribers every month than its rivals.  Courses of action: I. Jio’s gross customer additions could decline in the coming months as the verification process will henceforth be a more cumbersome affair, which could also be a turn-off for potential new users who’ve been lately used to instant connectivity under the Aadhaar-based enrolment mechanism.  II. Customer verification expenses will increase in step with the volume of customer acquisition of telcos and so, stronger the monthly user additions, higher the associated verification costs.  III. The more tedious verification process henceforth is also likely to slow down the processing of porting requests from customers.
Which among the following is NOT a correct statement?  1. The Reserve Bank of India worked as Central Bank of Burma till April 1947 2. The Reserve Bank of India worked as Central Bank of Pakistan till June 1948 3. The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975 4. The Reserve Bank of India commenced its operations on April 1, 1935 
What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas? 1. It enables the beneficiaries to draw their subsidies and social security benefits in their villages. 2. It enables the beneficiaries in rural areas to make deposits and withdrawals. Select the correct answer using the code given below.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.