{"id":91402,"date":"2025-06-01T10:55:03","date_gmt":"2025-06-01T10:55:03","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91402"},"modified":"2025-06-01T10:55:03","modified_gmt":"2025-06-01T10:55:03","slug":"regarding-atal-pension-yojana-which-of-the-following-statements-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/","title":{"rendered":"Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/"},"content":{"rendered":"<p>Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/are correct?<\/p>\n<ul>\n<li>It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.<\/li>\n<li>Only one member of a family can join the scheme.<\/li>\n<li>Same amount of pension is guaranteed for the spouse for life after subscriber&#8217;s death.<\/li>\n<\/ul>\n<p>Select the correct answer using the code given below.<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 and 3 only&#8221; option3=&#8221;1 and 3 only&#8221; option4=&#8221;1, 2 and 3&#8243; correct=&#8221;option3&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2016<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2016.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2016\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber&#8217;s death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nAtal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nThe scheme is administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the overall administrative and institutional architecture of the National Pension System (NPS). The government also co-contributes a certain amount for eligible subscribers for a limited period.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/are correct? It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers. Only one member of a family can join the scheme. Same amount of pension is guaranteed for the spouse for life after subscriber&#8217;s death. Select the correct answer using the code &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/#more-91402\">Detailed Solution<span class=\"screen-reader-text\">Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1098,1112],"class_list":["post-91402","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1098","tag-economic-and-social-development","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regarding &#039;Atal Pension Yojana&#039;, which of the following statements is\/<\/title>\n<meta name=\"description\" content=\"Statement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber&#039;s death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct. Atal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regarding &#039;Atal Pension Yojana&#039;, which of the following statements is\/\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber&#039;s death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct. Atal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T10:55:03+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regarding 'Atal Pension Yojana', which of the following statements is\/","description":"Statement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber's death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct. Atal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/","og_locale":"en_US","og_type":"article","og_title":"Regarding 'Atal Pension Yojana', which of the following statements is\/","og_description":"Statement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber's death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct. Atal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:55:03+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/","url":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/","name":"Regarding 'Atal Pension Yojana', which of the following statements is\/","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T10:55:03+00:00","dateModified":"2025-06-01T10:55:03+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is correct. Atal Pension Yojana (APY) is indeed a minimum guaranteed pension scheme primarily targeted at workers in the unorganized sector, providing them with social security benefits. Statement 2 is incorrect. APY allows both husband and wife to join the scheme individually, provided they meet the eligibility criteria (age between 18 and 40, not covered by any statutory social security scheme). Statement 3 is correct. Upon the subscriber's death, the spouse is entitled to receive the same guaranteed pension amount for life. After the death of both the subscriber and the spouse, the nominee receives the accumulated pension wealth. Therefore, statements 1 and 3 are correct. Atal Pension Yojana (APY) is a social security scheme offering a guaranteed minimum monthly pension from age 60, depending on contributions and the chosen pension amount.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/regarding-atal-pension-yojana-which-of-the-following-statements-is\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Regarding &#8216;Atal Pension Yojana&#8217;, which of the following statements is\/"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91402"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91402\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}