Atal Pension Yojana MCQs (APY)- “Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.”
1.Main objective of APY:
A) Employment
C) Guaranteed pension to unorganized sector
B) Insurance cover
D) Scholarships
[show_answer]The correct answer is: Guaranteed pension to unorganized sector [/show_answer]
2.Minimum guaranteed monthly pension under APY:
A) ₹500
B) ₹1,000
C) ₹1,500
D) ₹2,000
[show_answer]The correct answer is: ₹1,000 [/show_answer]
3.Regulator of APY:
A) SEBI
B) IRDAI
C) RBI
D)PFRDA
[show_answer]The correct answer is: PFRDA [/show_answer]
4. Eligible age range for APY enrollment:
A) 18–60
B) 21–60
C) 18–40 years
D) 18–50
[show_answer]The correct answer is: 18–40 years [/show_answer]
5.APY contributions are made through:
A) Cash
B) NEFT
C) Auto-debit from bank account
D) UPI only
[show_answer]The correct answer is: Auto-debit from bank account [/show_answer]
6.Pension slab changes (up/downgrade) are allowed:
A) Anytime
B) Once a year
C) Only before 40
D) Not allowed
[show_answer]The correct answer is: Once a year [/show_answer]
7.If fund returns fall below promised pension, who pays the shortfall?
A) Government of India
B) LIC
C) Subscriber
D) PFRDA
[show_answer]The correct answer is: Government of India [/show_answer]
8.Penalty for missed APY contribution:
A) ₹5/month
B) ₹1 per ₹100 per month
C) ₹2 flat
D) ₹10
[show_answer]The correct answer is: ₹1 per ₹100 per month [/show_answer]
9.APY tax benefits are available under:
A) 80C only
B) 80CCD(1) & 80CCD(1B)
C) 80D
D) 10(10D)
[show_answer]The correct answer is: 80CCD(1) & 80CCD(1B) [/show_answer]
10.Nominee benefit after subscriber & spouse death in APY:
A) Monthly pension
B) Final corpus amount
C) Education fund
D) Nothing
[show_answer]The correct answer is: Final corpus amount [/show_answer]
