Question
Consider the following Statements and choose the option
with correct Statements. I- Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in 2020 with an aim to protect elderly persons aged 60 years and above against a future fall in their interest income due to the uncertain market conditions. II- This is a scheme offered by the Life insurance Corporation (LIC) of India gives a guaranteed pay out of pension at a specified rate for 10 years. III- If the pensioner dies during the policy term of 10 years, the purchase price of the annuity scheme will be refunded to the beneficiary.Solution
The ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY) has been launched by the Government to protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions, as also to provide social security during old age. The scheme is implemented through the Life Insurance Corporation of India (LIC) and open for subscription up to 31st March, 2023. There is no maximum entry age limit for the Scheme. Benefits Maturity benefit: If the pensioner survives till the end of the policy term of 10 years, purchase price of the annuity along with final pension instalment will be payable to the policyholder. Death benefit: If the pensioner dies during the policy term of 10 years, the purchase price of the annuity scheme will be refunded to the beneficiary.
In each group of questions below are two conclusions followed by five set of statements. You have to choose the correct set of statements that logical...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Two statements are given followed by two conclusions numbered I & II. Assuming the statements to be true, even if they seem to be at variance with comm...
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varia...
Statements:
No apple is mango
Some orange are papaya
All papaya are apple
Conclusion:
I. Some orange are not mango
Statements: All Puma are Nike.
         All Adidas are Nike.
                           All Nike...
- In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if they ...
Statements:
Only a few Planet is Mars.
No Mars is Pluto.
Only Pluto is Saturn.
Conclusions:
I. Some Saturn can never ...
Statements:
Only like is love.
Mostly like is comment.
Some comments are subscribe.
Conclusions:In the question below some statements are given followed by three conclusions I, II, and III. You have to take the given statements to be true even if ...
Relevant for Exams:
