Question
Consider the following statements related to the Atal
Pension Yojana (APY) in India: 1) APY is a social security scheme for the unorganized sector workers. 2) It is voluntary for the organized sector. 3) The pension benefits under APY are guaranteed by the government of India. Which of the above statements is/are correct?Solution
Statement 1 is correct as APY is a social security scheme aimed at providing pension benefits to workers in the unorganized sector. Statement 2 is also correct as the pension benefits under APY are guaranteed by the government of India.
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