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    Question

    Who is responsible for implementing the Pradhan Mantri

    Vaya Vandana Yojana (PNVVY)?
    A Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    B Insurance Regulatory and Development Authority Correct Answer Incorrect Answer
    C Life Insurance Corporation (LIC) of India Correct Answer Incorrect Answer
    D Pension Fund Regulatory and Development Authority (PFRDA) Correct Answer Incorrect Answer

    Solution

    The Pradhan Mantri Vaya Vandana Yojana (PNVVY) was launched in May 2017 to provide social security during old age. This is a simplified version of the VPBY and will be implemented by the  Life Insurance Corporation (LIC) of India.  

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