Model Question(MCQs) on APY


MCQs on APY(Atal Pension Yojana)

1) APY full form is _____
  a) Atal Payment Yojana b) Atal Pension Yojana  
c) Both are correct d) None of the above B
2) Atal Pension Yojana is a _________  
  a) Insurance Scheme b) Self Invested Personal Pension   
c) Garanteed Pension Scheme d) None of the above C
3) Atal Pension Yojana (APY) Scheme Launched in the year  
  a) 2014 b) 2016  
c) 2015 d) 2013 C
4) Who administers Atal Pension Yojana?  
  a) LIC b) National Insurance  
5)  PFRDA full form is__________  
  a) Provident Fund Regulatory and Development Authority  
b) Pension Fund Regulatory and Development Authority 
c) Pension Fund Returning and Development Authority
d) None of the above  B
6) PFRDA headquarter situated at_______      
  a) Mumbai b) Kolkatta  
c) New Delhi d) IRDAI C
7) The following statements are true about APY  
  a) APY is a pension scheme launched by Govt of India is focused on the unorganized sector workers  
b) Minimum guaranteed pension of Rs. 1,000/- or 2,000/- or 3,000/- or 4,000 or 5,000/- per month
c) Pension start after attaining the age of 60 years depending on the contributions by the subscribers for their chosen pension amount
d) All are correct D
8) What is the minimum & maximum age at which a person can enroll in APY?  
  a) 18-50 b) 18-40  
c) 18-70 d) 18-60 B
9) Which of the following statement is incorrect about APY  
  a) He / She should have a savings bank account/ post office savings bank account  
b) Monthly Quarterly and half-yearly mode of contribution is available for subscribers
c) NRI can apply for Atal Pension Yojana
d) All are correct C
10) Under _____Section of the Income tax Act can be claimed for APY?  
  a) 80D b) 80C  
c) 80CCD(1B) d) 80CCD C
Prepared and posted by:  

Will be continued……..


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