Question : Which of the following statements is/are correct regarding changes to the Atal Pension Yojana Scheme (APY) done in 2022? A. According to the new criteria, any citizen who is or has been an income taxpayer shall not be eligible to join APY after 1 October 2022. B. Subscribers would receive the guaranteed minimum monthly pension of INR 1,000, INR 2,000, INR 3,000, INR 4,000 or INR 5,000 at the age of 80 years. C. As per the new rules, subscribers can make contributions to APY monthly only.
Option 1: B and C only
Option 2: A, B and C
Option 3: A and C only
Option 4: A only
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Correct Answer: A only
Solution : The correct answer is A only.
Atal Pension Yojana is a social security scheme to provide social security to citizens, especially to those who are not a part of any pension plan or income tax payee. It provides a minimum guaranteed pension ranging from Rs. 1000 to Rs. 5000 on attaining 60 years of age. The subscriber should be between the ages of 18 and 40.
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Question : The monthly salaries of A and B are the same. A, B, and C donate 10%, 8%, and 9% respectively, of their monthly salaries to a charitable trust. The difference between the donations of A and B is Rs. 400. The total donation by A and B is Rs. 900 more than that of C. What is the monthly salary of C?
Option 1: INR 25,000
Option 2: INR 30,000
Option 3: INR 27,000
Option 4: INR 36,000
Question : The ratio of monthly incomes of A and B is 4 : 5 respectively. The ratio of monthly savings of A and B is 14 : 19 respectively. If the monthly expenditure of A and B is INR 1200 each, then what is the difference between the monthly incomes of A and B?
Option 1: INR 2000
Option 2: INR 4000
Option 3: INR 1000
Option 4: INR 5000
Question : Ramesh started a business investing a sum of INR 40,000. Six months later, Kevin joined by investing INR 20,000. If they make a profit of INR 10,000 at the end of the year, how much is the share of Kevin?
Option 1: INR 2,000
Option 2: INR 4,000
Option 3: INR 3,000
Option 4: INR 2,500
Question : What is the present worth of INR 1,100 due in 2 years at 5% simple interest per annum?
Option 1: INR 3,000
Option 2: INR 2,000
Option 3: INR 1,000
Option 4: INR 1,500
Question : A sum of INR 1,250 has to be distributed among A, B, C, and D. The Total share of B and D is equal to $\frac{14}{11}$ of the total share of A and C. The share of D is half of the share of A. The share of C is 1.2 of the share of A. What are the shares of A, B, C and D respectively?
Option 1: INR 250, INR 575, INR 300, INR 125
Option 2: INR 350, INR 525, INR 300, INR 125
Option 3: INR 250, INR 525, INR 300, INR 125
Option 4: INR 250, INR 575, INR 300, INR 175
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