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    Question

    The Atal Pension Yojana (APY) is a flagship social security initiative of the Government of India aimed at providing pension benefits to the unorganized sector. Which of the following features of APY ensures the continuation of benefits even after the death of the subscriber?

    A The pension amount is transferred to the spouse until their death, and the corpus is given to the nominee after the spouse's demise. Correct Answer Incorrect Answer
    B The scheme guarantees market-linked pension returns that are adjusted for inflation. Correct Answer Incorrect Answer
    C Upon the subscriber’s death, the pension scheme is terminated, and the corpus is absorbed by the government. Correct Answer Incorrect Answer
    D Only a one-time lump sum payout is provided to the spouse upon the subscriber’s death. Correct Answer Incorrect Answer
    E The pension scheme does not include any survivor benefits for family members. Correct Answer Incorrect Answer

    Solution

    APY provides for continued pension payments to the spouse upon the subscriber’s death and later transfers the entire accumulated corpus to the nominee after both the subscriber and spouse pass away.

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