38. Regarding 'Atal pension Yojana', which of the following statements is/are correct?
1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
2. Only one member of a family can join the scheme
3. Same amount of pension is guaranteed for the spouse for life after subscriber's death.
Select the correct answer using the code given below.

Only 1

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Only 2 and 3

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Only 1 and 3

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All of the above

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Solution

The correct option is C Only 1 and 3
The Yojana mainly addresses the longevity risks among the workers in unorganised sector and encourages them to voluntarily save for their retirement. So, 1 is correct. Atal Pension Yojana (APY) is open to all bank account holders who are not members of any statutory social security scheme. So, 2 is wrong. As per the Ministry of Finance, “The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscribe”. So, clearly 3 is correct.

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Similar questions

Q. Consider the following statements about Atal Pension Yojana (APY):
1. It is a pension scheme for unorganised sector workers.
2. Workers between 18 and 40 years of age and having a bank account are eligible.
Which of the statements given above is/are correct?

Government announces implementation of One Rank One Pension scheme. Key features of the OROP scheme include:

1. OROP is a scheme for ex-servicemen under military pension.

2. It guarantees that uniform pension will be paid to armed forces personnel though retiring at the different ranks with the same length of service, irrespective of their date of retirement.

3. Pension amounts will be fixed on the basis of the pension rates in 2005.

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Q36) Consider the following statements about Atal Pension Yojana.

i) Atal Pension Yojana (APY) provides an option to the spouse to continue to contribute for balance period on premature death of the subscriber.

ii) After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive

the pension wealth, as accumulated till age of 60 years of the subscriber.

Which of the above statements is/are correct?

Q55. National Social Assistance Programme comprises which of the following schemes for Below Poverty Line Households?

1. Indira Gandhi National Old Age Pension Scheme

2. National Family Benefit Scheme

3. Indira Gandhi National Disability Pension Scheme

Select the correct code:

Q42. Which of the following is/are part of National Social Assistance Programme (NSAP)?

1. Indira Gandhi National Old Age Pension Scheme (IGNOAPS)

2. Indira Gandhi National Widow Pension Scheme (IGNWPS)

3. Indira Gandhi National Disability Pension Scheme (IGNDPS)

4. National Family Benefit Scheme (NFBS)

Which of the above statement(s) is/are correct?

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