Q76 · UPSC Prelims 2016 · Set A · Current Affairs and GK

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Regarding 'Atal Pension Yojana', which of the following statements is/are correct?1.It is a minimum guaranteed pension scheme mainly targeted at unorganized sector workers.2.Only one member of a family can join the scheme.3.Same amount of pension is guaranteed for the spouse for life after subscriber's death.Select the correct answer using the code given below

A 1 only
B 2 and 3 only
C 1 and 3 only
D 1, 2 and 3

Correct answer: (c) 1 and 3 only

Explanation

  1. A

    1 only

    Statement 1 is correct: Atal Pension Yojana is a guaranteed-pension product aimed mainly at unorganised-sector workers in the 18–40 entry window. Statement 3 (spouse continues to receive the same pension for life after the subscriber’s death) is also a feature, so 1 only is incomplete.

  2. B

    2 and 3 only

    Statement 2 says only one member of a family can join. APY does not impose a one-member-per-family cap of that kind; eligible individuals may subscribe. Pairing 2 with 3 therefore fails. 2 and 3 only is not the key.

  3. C

    1 and 3 only

    APY guarantees a minimum pension at 60 (then ₹1,000–₹5,000 slabs) for unorganised workers who contribute, and after the subscriber’s death the spouse receives the same pension for life; after both die the nominee gets the corpus. Statement 2 is incorrect. Hence 1 and 3 only is the official key.

  4. D

    1, 2 and 3

    All three would require the one-member-per-family restriction. That restriction is not a correct statement of APY, so this option is wrong.

Summary. Official key is (c) 1 and 3 only. Atal Pension Yojana, launched in 2015 under the National Pension System architecture, targets unorganised workers with a co-contribution in the early years and a defined minimum pension. The spouse is protected with a life pension after the subscriber’s death. There is no rule that only one family member may join. Statement 2 is the false claim.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2024 · Q100 · General Studies · 2 marks

    With reference to the Pradhan Mantri Shram Yogi Maan-dhan (PM- SYM) Yojana, consider the following statements : 1. The entry age group for enrolment in the shceme is 21 to 40 years. 2. Age specific contribution shall be made by the beneficiary. 3. Each subscriber under the scheme shall receive a minimum pension of Rs. 3000 per month after attaining the age of 60 years. 4. Family pension is applicable to the spouse and unmarried daughters. Which of the statements given above is/are correct ?

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