Meghalaya Government–SBI Revamp Salary Package for 43,000 Employees
Why in News?
The Government of Meghalaya and the State Bank of India (SBI) have revised their salary package agreement for more than 43,000 State Government employees.
Key Features:
- The revised agreement replaces the earlier 14-year-old MoU.
- It provides enhanced insurance coverage.
- Employees will benefit from cheaper loans and improved digital banking services.
- The initiative aims to modernise salary banking services and provide better financial benefits to government employees.
Practice MCQs
1. The Meghalaya Government recently revised its salary package agreement with which bank?
A. Punjab National Bank
B. State Bank of India
C. Bank of Baroda
D. Canara Bank
Answer: B. State Bank of India
2. The revised salary package is intended to benefit approximately how many Meghalaya Government employees?
A. 13,000
B. 23,000
C. 43,000
D. 63,000
Answer: C. 43,000
3. The earlier salary package agreement between the Meghalaya Government and SBI was approximately how old?
A. 5 years
B. 10 years
C. 14 years
D. 20 years
Answer: C. 14 years
4. Which of the following is/are associated with the revamped salary package?
- Enhanced insurance coverage
- Cheaper loan facilities
- Improved digital banking services
Select the correct answer:
A. 1 only
B. 1 and 2 only
C. 2 and 3 only
D. 1, 2 and 3
Answer: D. 1, 2 and 3
5. The revised salary package primarily aims to improve:
A. Agricultural subsidies for farmers
B. Banking and financial benefits for government employees
C. Tourism infrastructure in Meghalaya
D. Industrial licensing procedures
Answer: B. Banking and financial benefits for government employees