Prelims 2016 · Economy · Question 1
Regarding 'Atal Pension Yojana', which of the following statements is/are correct?<br/>1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.<br/>2. Only one member of a family can join the scheme.<br/>3. Same amount of pension is guaranteed for the spouse for life after subscriber's death.<br/><br/>Select the correct answer using the code given below.
Answer
1 and 3 only
1. Correct. Atal Pension Yojana is a minimum guaranteed pension scheme aimed primarily at workers in the unorganized sector.
2. Incorrect. There is no rule that only one member of a family can join; any eligible individual meeting age/bank account conditions can subscribe separately.
3. Correct. Under APY, after the subscriber’s death, the same guaranteed pension is paid to the spouse for life; after both die, the pension corpus is returned to the nominee.
Hence, statements 1 and 3 only are correct.