JAM Trinity:Jan Dhan Yojana, Aadhaar and Mobile number - Budget & Economic Survey

Q.  Which of the following statement / s is / are correct?

1) The JAM Number Trinity allows the state to offer support to poor households in a targeted and less distortive way.

2) JAM stands for Jan Dhan Yojana, Aadhaar and Mobile Money.
- Published on 06 Aug 15

a. Only 1
b. Only 2
c. Both 1 and 2
d. None of the above

ANSWER: Only 1
 
JAM stands for Jan Dhan Yojana, Aadhaar and Mobile Number and not mobile money. Linking the Aadhaar number to an active bank account is key to implementing income transfers.

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