Question
 Which of the following is correct with regard to
default nominee for an unmarried person in Atal Pension Yojna?Solution
It is mandatory to provide nominee details in Atal Pension Yojana (APY) account. If the subscriber is married, the spouse will be the default nominee. Unmarried subscribers can nominate any other person as nominee & they have to provide spouse details after marriage. The Aadhaar details of spouse and nominees may be provided.
Ratio of expenditure to income = 3:4. If income increases by 25 % and expenditure by 20 %, find % increase in savings.
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