New NABARD Workshop - Last 4 year trend. March 5 at 5 PM. Register here

    Question

    Consider the following statements related to the Atal

    Pension Yojana (APY) in India: 1) APY is a social security scheme for the unorganized sector workers. 2) It is voluntary for the organized sector. 3) The pension benefits under APY are guaranteed by the government of India. Which of the above statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct as APY is a social security scheme aimed at providing pension benefits to workers in the unorganized sector. Statement 2 is also correct as the pension benefits under APY are guaranteed by the government of India.

    Practice Next