Correct answer: (c) 1 and 3 only
Explanation
- 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.
- 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.
- 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.
- 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.
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