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    Question

    What is not true about the Atal Pension Yojana Scheme , according to the given statements-?

    i. One can get Rs 1,000 to Rs 5,000 per month in this scheme.

    ii. The age limit for the scheme is 18 to 40 years.

    iii. It has a contribution period of 10 years.

    iv. Tax benefits are included.

    A Only iii and iv are not true. Correct Answer Incorrect Answer
    B Only ii and iii are not true. Correct Answer Incorrect Answer
    C None is true. Correct Answer Incorrect Answer
    D Only iii is not true Correct Answer Incorrect Answer
    E All are true Correct Answer Incorrect Answer

    Solution

    The Atal Pension Yojana Scheme, is fully managed by Pension Fund Regulatory and Development Authority (PFRDA). The scheme aims to save for the future. It provides a monthly pension ranging from Rs 1000 to Rs 5,000 with a tax benefit and the age limit to avail it is 10 – 40 years. The exit age would be 60 years and the contribution is for 20 years.

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