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    Question

    Which of the following are incorrect regarding PM shram Yogi Maan-Dhan Yojana?

             I.            It is a Involuntary pension scheme.

           II.            Under this schemes, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government.

         III.            Monthly contribution ranges from Rs.55 to Rs.2000 depending upon the entry age of the beneficiary.

    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D All are incorrect Correct Answer Incorrect Answer

    Solution

    Explanation: It is   a Voluntary and contributory pension schemes, Monthly contribution ranges from Rs.55 to Rs.200 depending upon the entry age of the beneficiary. Under this schemes, 50% monthly contribution is payable by the beneficiary and equal matching contribution is paid by the Central Government.

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