Regarding ‘Atal Pension Yojana’, which of the following statements is/are correct?

  1. It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.
  2. Only one member of a family can join the scheme.
  3. Same amount of pension is guaranteed for the spouse for life after subscriber’s death.

Select the correct answer using the code given below.

[UPSC Civil Services Exam – 2016 Prelims]

(a) 1 only

(b) 2 and 3 only

(c) 1 and 3 only

(d) 1, 2 and 3

Answer: (c)        

Explanation:

  • Atal Pension Yojana (APY) is a pension scheme introduced by the Government of India in 2015–16 to provide pension benefits to individuals in the unorganized sector.
  • The scheme is regulated by the Pension Funds Regulatory Authority of India (PFRDA).
  • It is available for individuals between the ages of 18 and 40 and offers periodic pension options ranging from Rs. 1,000 to Rs. 5,000, based on monthly contributions.
  • In the event of the subscriber’s death before reaching 60 years of age, their spouse has the choice to continue receiving the pension or withdraw the accumulated corpus.
  • The spouse will receive the same pension amount even after the subscriber’s death.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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