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Q76 (IAS/2016) Economy › Schemes, Inclusion & Social Sector › Social security schemes Official Key

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.

Result
Your answer: —  ·  Correct: C
Explanation

The Atal Pension Yojana (APY) provides subscribers a fixed monthly pension in the range of ₹1,000 to ₹5,000 after completing 60 years of age depending on the contributions made[1], making Statement 1 correct. The scheme was launched in May 2015 to address longevity risks among workers in the unorganized sector and to encourage them to voluntarily save for their old age/retirement[2], confirming it is mainly targeted at unorganized sector workers.

Statement 2 is incorrect. One can open only one Atal Pension Yojana account, with the scheme permitting a single account per individual, linked to Aadhaar and bank account[3]. This restriction is per individual, not per family—multiple family members can each have their own APY accounts.

Statement 3 is correct. If the subscriber dies while availing of the pension after the age of sixty years, the spouse will get the same amount of pension till she/he lives[4]. This guarantees the same pension amount for the spouse for life after the subscriber's death.

Therefore, statements 1 and 3 are correct, making option C the right answer.

Sources
  1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 8: Financial Market > 7.54 Indian Economy > p. 240
  2. [2] https://www.publicationsdivision.nic.in/journals/Journalarchives/Yojana/Yojana-English/2017/July/Yojana_2017_July_pdf.pdf
  3. [4] https://www.publicationsdivision.nic.in/journals/Journalarchives/Yojana/Yojana-English/2017/July/Yojana_2017_July_pdf.pdf
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Regarding 'Atal Pension Yojana', which of the following statements is/are correct? 1. It is a minimum guaranteed pension scheme mainly t…
At a glance
Origin: Books + Current Affairs Fairness: Low / Borderline fairness Books / CA: 2.5/10 · 7.5/10
You're seeing a guest preview. The Verdict and first statement analysis are open. Login with Google to unlock all tabs.

This is a classic 'Scheme Anatomy' question. While books cover the basic aim (Stmt 1), the specific operational rules (Stmt 2 & 3) usually come from the scheme's FAQ or detailed current affairs. The trap lies in confusing 'Household-based' entitlements (like MGNREGA/PDS) with 'Individual-based' financial products.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does the Atal Pension Yojana (APY) provide a minimum guaranteed pension to subscribers?
Origin: Direct from books Fairness: Straightforward Book-answerable
From standard books
Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 8: Financial Market > 7.54 Indian Economy > p. 240
Presence: 5/5
“• 3. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY): It provides 1-year term life insurance of ₹2 lakh to bank account holders (in the age group of 18-50 years) for a premium of ₹330 per annum per subscriber. • 4. Atal Pension Yojana (APY): Under APY, a subscriber (in the age group of 18-40 years) will receive fixed monthly pension in the range of ₹1,000 to ₹5,000 after completing 60 years of age depending on the contributions made by the subscriber. Kisan Credit Card Scheme (KCC), introduced in 1998, is a tool for providing cash credit facility to the tenant farmers, oral lessees and share croppers.”
Why this source?
  • Snippet explicitly states APY gives a fixed monthly pension after age 60 in a specified range (₹1,000 to ₹5,000).
  • A fixed range implies a lower bound (minimum) of ₹1,000 under the scheme.
  • Direct mention of subscriber age-band and pension amounts ties the scheme to a guaranteed pension outcome for enrolled members.
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Statement analysis

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Statement analysis

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