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Q109 (CDS-I/2021) Economy › Schemes, Inclusion & Social Sector › Social security schemes Answer Verified

Which of the following is/are social security scheme(s) ? 1. Atal Pension Yojana 2. Pradhan Mantri Jeevan Jyoti Bima Yojana 3. Pradhan Mantri Suraksha Bima Yojana Select the correct answer using the code given below:

Result
Your answer: —  Â·  Correct: C
Explanation

The Government of India launched three major social security schemes in 2015 to provide a universal social security system for all Indians, particularly those in the unorganized sector [1]. Atal Pension Yojana (APY) is a voluntary, contribution-based pension scheme providing a guaranteed monthly pension of ‑1,000 to ‑5,000 after age 60 [1]. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed life insurance scheme offering a ‑2 lakh cover for death due to any cause for a yearly premium [2]. Pradhan Mantri Suraksha Bima Yojana (PMSBY) provides accidental death and disability cover of ‑2 lakh at a minimal annual premium [3]. These schemes are collectively categorized as social security welfare measures aimed at financial inclusion and risk protection for the underprivileged. Therefore, all three are social security schemes.

Sources

  1. [1] https://jansuraksha.gov.in/Files/APY/ENGLISH/APY.pdf
  2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 14: Service Sector > Pradhan Mantri Jeevan Jyoti Bima Yojana > p. 427
  3. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 8: Financial Market > Recent Major Initiatives to Improve Financial Inclusion Are > p. 239
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SIMILAR QUESTIONS

IAS · 2016 · Q76 Relevance score: 3.58

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.

CDS-I · 2019 · Q55 Relevance score: 1.99

Consider the following statements about a scheme launched by the Government of India: It was launched to provide social security during old age and to protect elderly persons aged 60 years and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension / return linked to the subscription amount based on government guarantee to Life Insurance Corporation of India (LICI). Identify the scheme.

CAPF · 2017 · Q8 Relevance score: 1.07

Which one of the following statements about Pradhan Mantri Ujjwaia Yojana is NOT correct ?

IAS · 2024 · Q100 Relevance score: 1.05

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 scheme 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 ₹ 3,000 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 ?

CDS-I · 2016 · Q77 Relevance score: 0.96

Which of the following is / are the example(s) of Transfer Payment(s) ? 1. Unemployment Allowance 2. Payment of Salary 3. Social Security Payments 4. Old age Pension Select the correct answer using the code given below: