📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    In the Atal Pension Yojana (APY), the pension amounts

    are predetermined. Which of the following correctly describes how the pension amounts are structured?
    A Subscribers can choose any pension amount between ₹1000 to ₹10000. Correct Answer Incorrect Answer
    B Pension amounts are fixed, starting from ₹1000 up to ₹5000, based on the subscriber’s contribution and age. Correct Answer Incorrect Answer
    C Pension amounts vary based on market-linked returns, with no predetermined limits. Correct Answer Incorrect Answer
    D Only individuals above the age of 60 are eligible for ₹5000 monthly pension. Correct Answer Incorrect Answer
    E Subscribers receive a pension based solely on government contributions. Correct Answer Incorrect Answer

    Solution

    Under APY, subscribers can choose fixed pension amounts ranging from ₹1000 to ₹5000, depending on their age and contribution amount.

    Practice Next
    More Weekly Quiz Questions
    ask-question