A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (b) 2 only
Explanation
Statement 1 is incorrect because APY is targeted at and open to unorganised sector workers, not organized sector employees above tax thresholds. Statement 2 is correct as APY is open to all unorganised sector bank account holders aged 18 to 40 years.
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