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    Question

    What is the guaranteed percentage pension under the

    'Varishtha Pension Bima Yojana 2017'?
    A 6% Correct Answer Incorrect Answer
    B 7% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 9% Correct Answer Incorrect Answer
    E 10% Correct Answer Incorrect Answer

    Solution

    Post demonetization banks are slashing interest rate on fixed deposits. Therefore, to guard the interest of the senior citizens (above 60 years of age) in case of falling interest rates, PM Modi announced this scheme with a guaranteed interest of 8 per cent for 10 years.

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