Social Security Schemes MCQ — 96 Practice Questions with Answers

Q1. 1. PM-SYM is for unorganised workers aged 18 to 40 years with monthly income of Rs. 15,000 or below. 2. A person covered by EPFO, ESIC or NPS is eligible to join PM-SYM. 3. Life Insurance Corporation of India acts as the pension fund manager for PM-SYM. Which of the statements given above are correct?

Q2. Consider the following statements about PM-SYM contribution structure: 1. At entry age 18 years, the worker's monthly contribution is Rs.55 and the equal government contribution is Rs.55. 2. At entry age 25 years, the worker's monthly contribution is Rs.80 and the equal government contribution is Rs.80. 3. At entry age 35 years, the worker's monthly contribution is Rs.150 and the equal government contribution is Rs.150. 4. At entry age 40 years, the worker's monthly contribution is Rs.200 but the government contribution is Rs.100. Which of the statements given above are correct?

Q3. Consider the following statements: 1. Under Pradhan Mantri Kisan Maan-Dhan Yojana, if a pension-receiving subscriber dies, the spouse is entitled to family pension equal to 50% of the subscriber's pension. 2. The family pension under Pradhan Mantri Kisan Maan-Dhan Yojana is payable to the subscriber's children as well as the spouse. 3. Small and marginal farmers may use their PM-KISAN benefits to make voluntary contributions to Pradhan Mantri Kisan Maan-Dhan Yojana. Which of the statements given above are correct?

Q4. Consider the following statements: 1. Pradhan Mantri Shram Yogi Maan-Dhan is for workers aged 18 to 40 years whose monthly income is Rs. 25,000 or less. 2. Pradhan Mantri Shram Yogi Maan-Dhan provides a monthly pension of Rs. 3000 after attaining the age of 60 years. 3. Under Pradhan Mantri Shram Yogi Maan-Dhan, the entire monthly contribution is paid by the Central Government. Which of the statements given above are correct?

Q5. Consider the following statements: 1. Atal Pension Yojana took effect from 1 June 2015. 2. The minimum age for joining Atal Pension Yojana is 18 years and the maximum age is 40 years. 3. From 1 October 2022, an income-tax payer is eligible to open a new Atal Pension Yojana account. Which of the statements given above are correct?