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
2.Minimum guaranteed monthly pension under APY:
A) ₹500
B) ₹1,000
C) ₹1,500
D) ₹2,000
3.Regulator of APY:
A) SEBI
B) IRDAI
C) RBI
D)PFRDA
4. Eligible age range for APY enrollment:
A) 18–60
B) 21–60
C) 18–40 years
D) 18–50
5.APY contributions are made through:
A) Cash
B) NEFT
C) Auto-debit from bank account
D) UPI only
6.Pension slab changes (up/downgrade) are allowed:
A) Anytime
B) Once a year
C) Only before 40
D) Not allowed
7.If fund returns fall below promised pension, who pays the shortfall?
A) Government of India
B) LIC
C) Subscriber
D) PFRDA
8.Penalty for missed APY contribution:
A) ₹5/month
B) ₹1 per ₹100 per month
C) ₹2 flat
D) ₹10
9.APY tax benefits are available under:
A) 80C only
B) 80CCD(1) & 80CCD(1B)
C) 80D
D) 10(10D)
10.Nominee benefit after subscriber & spouse death in APY:
A) Monthly pension
B) Final corpus amount
C) Education fund
D) Nothing
