Q140 · UPPSC Prelims 2020 · Set A · General Studies

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Which of the following statements is NOT correct for National Pension Scheme for Retail Traders/ Shopkeepers and Self-employed persons?

A Those who are in age groups of 18 to 40 years are eligible.
B Their annual turnover should not exceed 1.5 crore rupees.
C National Pension Scheme's members are also eligible.
D It has a monthly minimum assured pension of Rs. 3000.00.

Correct answer: (c) National Pension Scheme's members are also eligible.

Explanation

  1. A

    Those who are in age groups of 18 to 40 years are eligible.

    Age 18–40 is a correct eligibility limb of the National Pension Scheme for traders / shopkeepers (PM Laghu Vyapari Maan-dhan).

  2. B

    Their annual turnover should not exceed 1.5 crore rupees.

    Annual turnover not exceeding ₹1.5 crore is also a stated eligibility condition.

  3. C

    National Pension Scheme's members are also eligible.

    Existing National Pension System members are not eligible for this traders’ pension. The statement that NPS members are also eligible is therefore NOT correct, and (c) is the official key.

  4. D

    It has a monthly minimum assured pension of Rs. 3000.00.

    A minimum assured monthly pension of ₹3,000 is the scheme’s design (like PM-SYM), so this statement is not the ‘incorrect’ one.

Summary. Official key is (c). The traders’ pension is a separate Maan-dhan product: 18–40 years, turnover cap ₹1.5 crore, ₹3,000 pension, with exclusion of those already in EPF/NPS/ESIC-type cover. Honour the stored letter (c).