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TOTAL QUESTION: 20
TOTAL TIME= 20 MIN
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Your results are here!! for" Atal Pension Yojana (APY) "
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Question 1 of 20
1. Question
Which ministry is responsible for the Atal Pension Yojana (APY)?
Correct
APY is listed under the Ministry of Finance.
Incorrect
APY is listed under the Ministry of Finance.
Unattempted
APY is listed under the Ministry of Finance.
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Question 2 of 20
2. Question
What is the eligible age group for joining Atal Pension Yojana?
Correct
The minimum age of joining APY is 18 years and the maximum is 40 years.
Incorrect
The minimum age of joining APY is 18 years and the maximum is 40 years.
Unattempted
The minimum age of joining APY is 18 years and the maximum is 40 years.
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Question 3 of 20
3. Question
According to the given details, who is eligible to join APY?
Correct
APY is meant for savings account holders aged 18-40 years who are not income tax-payees.
Incorrect
APY is meant for savings account holders aged 18-40 years who are not income tax-payees.
Unattempted
APY is meant for savings account holders aged 18-40 years who are not income tax-payees.
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Question 4 of 20
4. Question
Which group is mainly targeted under Atal Pension Yojana?
Correct
APY is mainly targeted at the poor, under-privileged and workers in the unorganized sector.
Incorrect
APY is mainly targeted at the poor, under-privileged and workers in the unorganized sector.
Unattempted
APY is mainly targeted at the poor, under-privileged and workers in the unorganized sector.
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Question 5 of 20
5. Question
What is a key objective of APY for workers in the unorganized sector?
Correct
APY addresses longevity risks and encourages voluntary retirement savings.
Incorrect
APY addresses longevity risks and encourages voluntary retirement savings.
Unattempted
APY addresses longevity risks and encourages voluntary retirement savings.
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Question 6 of 20
6. Question
At what age does the pension under APY start?
Correct
The age of exit and start of pension under APY is 60 years.
Incorrect
The age of exit and start of pension under APY is 60 years.
Unattempted
The age of exit and start of pension under APY is 60 years.
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Question 7 of 20
7. Question
What is the lowest guaranteed minimum monthly pension available under APY after age 60?
Correct
The guaranteed minimum pension options start at Rs. 1,000 per month.
Incorrect
The guaranteed minimum pension options start at Rs. 1,000 per month.
Unattempted
The guaranteed minimum pension options start at Rs. 1,000 per month.
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Question 8 of 20
8. Question
What is the highest guaranteed minimum monthly pension option available under APY?
Correct
APY provides pension options up to a guaranteed minimum of Rs. 5,000 per month.
Incorrect
APY provides pension options up to a guaranteed minimum of Rs. 5,000 per month.
Unattempted
APY provides pension options up to a guaranteed minimum of Rs. 5,000 per month.
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Question 9 of 20
9. Question
Which of the following is NOT one of the guaranteed minimum monthly pension options under APY?
Correct
The available pension options are Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 and Rs. 5,000.
Incorrect
The available pension options are Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 and Rs. 5,000.
Unattempted
The available pension options are Rs. 1,000, Rs. 2,000, Rs. 3,000, Rs. 4,000 and Rs. 5,000.
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Question 10 of 20
10. Question
What pension does the spouse receive after the death of the APY subscriber after pension has started?
Correct
The spouse is entitled to receive the same pension amount as the subscriber until the spouse‘s death.
Incorrect
The spouse is entitled to receive the same pension amount as the subscriber until the spouse‘s death.
Unattempted
The spouse is entitled to receive the same pension amount as the subscriber until the spouse‘s death.
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Question 11 of 20
11. Question
When is the nominee entitled to receive the pension wealth under APY after the subscriber‘s death?
Correct
After the demise of both the subscriber and spouse, the nominee receives the accumulated pension wealth.
Incorrect
After the demise of both the subscriber and spouse, the nominee receives the accumulated pension wealth.
Unattempted
After the demise of both the subscriber and spouse, the nominee receives the accumulated pension wealth.
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Question 12 of 20
12. Question
Under which section are APY contributions eligible for tax benefits similar to NPS?
Correct
APY contributions are eligible for tax benefits similar to NPS under Section 80CCD(1).
Incorrect
APY contributions are eligible for tax benefits similar to NPS under Section 80CCD(1).
Unattempted
APY contributions are eligible for tax benefits similar to NPS under Section 80CCD(1).
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Question 13 of 20
13. Question
What is refunded to a subscriber who voluntarily exits APY before the age of 60?
Correct
On voluntary exit, the subscriber receives their contributions along with net actual accrued income after deducting account maintenance charges.
Incorrect
On voluntary exit, the subscriber receives their contributions along with net actual accrued income after deducting account maintenance charges.
Unattempted
On voluntary exit, the subscriber receives their contributions along with net actual accrued income after deducting account maintenance charges.
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Question 14 of 20
14. Question
What happens to the Government Co-Contribution for subscribers who joined APY before 31st March 2016 and voluntarily exit?
Correct
Such subscribers do not receive the Government Co-Contribution or the accrued income earned on it.
Incorrect
Such subscribers do not receive the Government Co-Contribution or the accrued income earned on it.
Unattempted
Such subscribers do not receive the Government Co-Contribution or the accrued income earned on it.
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Question 15 of 20
15. Question
Through which facility are APY contributions deducted from the subscriber‘s savings account?
Correct
APY contributions are made through auto-debit from the subscriber‘s savings bank account.
Incorrect
APY contributions are made through auto-debit from the subscriber‘s savings bank account.
Unattempted
APY contributions are made through auto-debit from the subscriber‘s savings bank account.
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Question 16 of 20
16. Question
On which basis can APY contributions be made under APY?
Correct
Contributions can be made monthly, quarterly or half-yearly through auto-debit.
Incorrect
Contributions can be made monthly, quarterly or half-yearly through auto-debit.
Unattempted
Contributions can be made monthly, quarterly or half-yearly through auto-debit.
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Question 17 of 20
17. Question
Up to what age is a subscriber required to contribute to APY?
Correct
Subscribers are required to contribute from the age of joining APY until the age of 60 years.
Incorrect
Subscribers are required to contribute from the age of joining APY until the age of 60 years.
Unattempted
Subscribers are required to contribute from the age of joining APY until the age of 60 years.
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Question 18 of 20
18. Question
Where can an APY subscriber raise a grievance free of cost from anywhere according to the given details?
Correct
A subscriber can raise a grievance through http://www.npscra.nsdl.co.in by selecting NPS-Lite or through CGMS.
Incorrect
A subscriber can raise a grievance through http://www.npscra.nsdl.co.in by selecting NPS-Lite or through CGMS.
Unattempted
A subscriber can raise a grievance through http://www.npscra.nsdl.co.in by selecting NPS-Lite or through CGMS.
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Question 19 of 20
19. Question
What is one option available to the spouse if the APY subscriber dies before attaining 60 years?
Correct
The spouse can continue contributions in the subscriber‘s APY account for the remaining vesting period until the subscriber would have attained 60 years.
Incorrect
The spouse can continue contributions in the subscriber‘s APY account for the remaining vesting period until the subscriber would have attained 60 years.
Unattempted
The spouse can continue contributions in the subscriber‘s APY account for the remaining vesting period until the subscriber would have attained 60 years.
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Question 20 of 20
20. Question
Under the second option when an APY subscriber dies before 60 years, what is returned to the spouse or nominee?
Correct
Under Option 2, the entire accumulated pension corpus till date is returned to the spouse or nominee.
Incorrect
Under Option 2, the entire accumulated pension corpus till date is returned to the spouse or nominee.
Unattempted
Under Option 2, the entire accumulated pension corpus till date is returned to the spouse or nominee.