Hi friends, here is the Atal Pension Yojana (APY) Multiple Choice Objective Questions. In the previous Set 1, we have discussed first 15 MCQ Questions on Atal Pension Yojana (APY). In this post, we will be discussing another Set of 16 questions. Atal Pension Yojana is one of the scheme under the Jansuraksha Scheme of the Govt.of India. The MCQ Questions discussed here will be very useful for all departmental LDC Exams under the Central Government.
Those aspirants preparing for Inspector Posts Exam (IPO Exam) and Postal Service Group B Exam (PS Gr.B Exam) will find these questions very useful. Attempt the quiz and share your feedback.
Atal Pension Yojana (APY) Multiple Choice Objective Questions
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Check Full MCQ Quiz on Jansuraksha Schemes
1. How the subscriber’s contributions to Atal Pension Yojana (APY) shall be made?
(A)By Cash
(B)By Cheque
(C)through the facility of ‘auto-debit’ of the prescribed contribution amount from the savings bank account
(D)All the above
Ans: (C)through the facility of ‘auto-debit’ of the prescribed contribution amount from the savings bank account
2. Which among the following is/are correct with regard to Death of subscriber before 60 years under Atal Pension Yojana?
(A)The entire accumulated corpus under APY will be returned to the spouse / nominee
(B)However, pension shall not be payable to the spouse / nominee
(C)Both A and B are correct
(D)None of the above are correct
Ans: (C)Both A and B are correct
3. What will happen if a subscriber under Atal Pension Yojana (APY) becomes non-citizen of the country?
(A)APY account can be continued as such
(B)APY account will be converted as NRI APY account
(C)APY account will be closed and contribution will be returned to the subscriber
(D)APY account will be converted as Savings Account
Ans: (C)APY account will be closed and contribution will be returned to the subscriber
4. Under Atal Pension Yojana (APY), the subscribers are required to contribute the prescribed contribution amount from the age of joining APY till age of?
(A)40 years
(B)50 years
(C)60 years
(D)Up to 20 years from the date of joining
Ans: (C)60 years
5. The subscribers under Atal Pension Yojana (APY) can opt to decrease or increase pension amount during the course of accumulation phase, once a year during the month of?
(A)January
(B)July
(C)April
(D)March
Ans: (C)April
6. Which among the following is wrong with regard to the feature of Atal Pension Yojana?
(A)Any Citizen of India can join APY scheme
(B)Aadhaar is not mandatory for enrolment under APY
(C)Subscriber under APY should have a savings bank account/ post office savings bank account
(D)None of the above is wrong
Ans: (D)None of the above is wrong
7. How many Atal Pension Yojana (APY) accounts can be opened by an individual?
(A)No limit
(B)Maximum two
(C)Maximum Five
(D)Only One
Ans: (D)Only One
8. Atal Pension Yojana (APY) is effective with effect from?
(A)16 October 2015
(B)1 June 2015
(C)17 September 2015
(D)1 January 2016
Ans: (B)1 June 2015
9. Which among the following is incorrect correct with regard to Atal Pension Yojana?
(A)The amount collected under APY are managed by Pension Funds appointed by PFRDA as per the investment pattern specified by the Government
(B)The subscriber has no option to choose either the investment pattern or Pension Fund.
(C)Under APY, the individual subscribers shall have an option to make the contribution on a monthly basis
(D)None of the above
Ans: (D)None of the above
10. Which among the following is not a guaranteed minimum pension amount under Atal Pension Yojana?
(A)Rs.1,000
(B)Rs.3,000
(C)Rs.5,000
(D)Rs.10,000
Ans: (D)Rs.10,000
11. If a subscriber joins at the age of 18 years in Atal Pension Yojana, to get a fixed monthly pension of Rs.1,000 per month, the subscriber has to contribute on monthly basis an amount of?
(A)Rs.210
(B)Rs.42
(C)Rs.12
(D)Rs.330
Ans: (B)Rs.42
12. Who among the following will be the default nominee in case of a married person joining Atal Pension Yojana (APY)?
(A)Parents
(B)Spouse
(C)Elder Child
(D)Younger Child
Ans: (B)Spouse
13. Which among the following is/are correct with regard to Exit and pension payment under Atal Pension Yojana?
(A)Upon completion of 60 years, the subscribers will submit the request to the associated bank for drawing the guaranteed monthly pension
(B)Exit before 60 years of age is not normally permitted under Atal Pension Yojana
(C)Exit before 60 years of age is permitted only in exceptional circumstances, i.e., in the event of the death of beneficiary or terminal disease.
(D)All the above
Ans: (D)All the above
14. Which among the following is/are correct with regard to withdrawal procedure from Atal Pension Yojana on attaining the age of 60 years?
(A)Upon completion of 60 years, the subscribers will submit the request to the associated bank for drawing the guaranteed minimum monthly pension
(B)The same amount of monthly pension is payable to spouse (default nominee) upon death of subscriber
(C)Nominee will be eligible for return of pension wealth accumulated till age 60 of the subscriber upon death of both the subscriber and spouse
(D)All the above
Ans: (D)All the above
15. Which among the following is/are the features of Atal Pension Yojana (APY)?
(A)Each subscriber under APY shall receive a Central Government guaranteed minimum pension after the age of 60 years until death
(B)After the subscriber’s demise, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse
(C)After the demise of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber.
(D)All the above are correct
Ans: (D)All the above are correct
16. Atal Pension Yojana (APY) can be opened at?
(A)All banks, including all nationalised banks and private banks
(B)Post offices under CBS Platform
(C)Either A or B where individual’s savings bank account is held or open a savings account if the subscriber doesn’t have one
(D)None of these
Ans: (C)Either A or B where individual’s savings bank account is held or open a savings account if the subscriber doesn’t have one
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