MCQs on APY (Atal Pension Yojana)
1.
Atal Pension Yojana is a type of ____?
A)
Guaranteed Pension Scheme
B) Self Invested
Personal Pension (SIPP)
C) Additional
Voluntary Contributions (AVC) Scheme
D) All of the above
2. Atal Pension Yojana (APY) Scheme Launched
in the year:
A)
2014 B)
2015
C)
2016 D) 2017
3.
Who administers Atal Pension Yojana?
A) LIC
B) GIC Re
C)
PFRDA
D) IRDAI
4.
Where is the headquarter of PFRDA?
A) Mumbai
B)
New Delhi
C) Lucknow
D) Kolkata
5.
What is the minimum joining age for Atal Pension Yojana?
A) 10 years
B)
18 years
C) 20 years
D) 21 years
6. PFRDA Stands For
A)
Pension Functional Regulatory and Development Authority.
B) Pension Fund Regulatory and
Development Authority.
C)
Pension Fund Regulatory and Developing Authority.
D)
None of the Above.
7.
What is the maximum joining age for Atal Pension Yojana?
A)
40 years
B) 55 years
C) 60 years
D) 70 years
8.
What is the minimum pension benefit under APY?
A)
Rs 1,000
B) Rs 2,000
C) Rs 3,000
D) Rs 5,000
9.
What is the maximum pension benefit under APY?
A) Rs 3,000
B) Rs 4,000
C)
Rs 5,000
D) Rs 10,000
10.
Find the false statement with respect to Atal Pension Yojana
A) The contribution
amount increases with the age of subscriber
B) Monthly Quarterly and half-yearly
mode of contribution is available for subscribers.
C)
NRI can apply for Atal Pension Yojana
D) All are true
11.
What is the tax benefit under Atal Pension Yojana?
A) Rs 10,000
B)
Rs 50,000
C) Rs 1,00,000
D) Rs 2,00,000
12. Under _____Section of the Income
tax Act can be claimed for APY?
A)
80 C
B)
80CCD (1A)
C) 80CCD (1B)
D)
None of the above.
13.
Which of the following is necessary to apply for Atal Pension Yojana?
A) Aadhar Card
B)
Saving Bank Account
C) Kisan Credit Card
D) Both A and B
14. How many types of Guaranteed Minimum
pension available under APY?
A)
3 B) 4 C) 5 D) 2
15. For how many years and for which
years Government co contribute for those who joined between 1st June,
2015 to 31st March, 2016 in APY.
A)
4 & 2015-16 to 2019-20
B) 5 & 2015-16 to 2019-20
C) 5 & 2016-17
to 2020-21
D) None of the Above
16. PRAN Stands
for
A)
Permanent Retirement Account Number
B) Pension Retirement Account Number
C) Permanent Referral Account Number
D) None of the Above
17. CRA Stands for
A)
Central Recordkeeping Agency
B) Central Record Agency
C) Central Recordkeeping Agent
D) None of the above
18. Government Co
contribution is subject to maximum of Rs ______per annum is credited for eligible
beneficiaries
A) 5000/- B)
1000/- C) 3000/- D) 2000/-
19. If there is
inadequate balance in the Savings Bank account for auto debit then one must pay
default along with regular amount, then what is the default to pay?
A)
Rs. 1 per month for contribution of every Rs. 100
B) Rs. 2 per month for contribution of
every Rs. 100
C) Rs. 2 per month for contribution of
every Rs. 200
D) none of the above.
20. After
receiving APY Subscribers registration forms Counter PA has to do data entry in
the finacle Menu:
A) CPMI B) IES
C) CAPY D) None of the Above.
21. What is the
Major Head? When the amount of
contribution is withdrawn by Postmaster from Savings Account of the customer as
well as Govt. Contribution and remittance to PFRDA (Trustee Bank)
A) 8446(Postal
Deposits) B) 3201
C) 1201 D)
5201
22.
What Is the Accounting Head? When the amount of Government Contribution
received from PFRDA (Trustee Bank)
A) 8446 B)
3201
C) 8661(Postal Suspense)
D) 1201
23.
When the handling Charges/incentive etc. of DoP received from PFRDA (Trustee
Bank) what is the accounting head?
A) 8446 B)
3201
C) 1201(Postal Receipts) D) 8661
24.
For payment of Incentive to the staff of Department of Posts entrusted with the
work of APY & other expenses relating thereto can be accounted in the Head.
A) 3201 (Postal Services) B) 1201
C) 8446 D) 8661