New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    The Atal Pension Yojana (APY) requires contributions

    until the subscriber reaches the age of 60. Which of the following factors determines the amount of contribution required?
    A The subscriber's age at the time of enrollment and the desired pension amount Correct Answer Incorrect Answer
    B The number of dependents in the subscriber’s family Correct Answer Incorrect Answer
    C The individual's monthly income and employment type Correct Answer Incorrect Answer
    D The subscriber's gender and income bracket Correct Answer Incorrect Answer
    E The current inflation rate in the economy Correct Answer Incorrect Answer

    Solution

    The contribution amount in APY is based on the subscriber’s age at enrollment and the desired pension amount. The earlier a person enrolls, the lower their contribution will be.

    Practice Next

    Relevant for Exams: