Consider the following statements:1.Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.2.Atal Pension Yojana (APY) is administered by Pension Fund Regulatory and Development Authority (PFRDA).Select the correct statements using the codes given below:

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Q. Consider the following statements:
1.Pradhan Mantri Suraksha Bima Yojana (PMSBY) is a one-year life insurance scheme renewable from year to year offering coverage for death due to any reason.
2.Atal Pension Yojana (APY) is administered by Pension Fund Regulatory and Development Authority (PFRDA).
Select the correct statements using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. PMSBY is a one-year life insurance scheme renewable from year to year offering coverage for death or disability due to accident.

Statement 2 is correct. APY is administered by Pension Fund Regulatory and Development Authority (PFRDA).

Source: ForumIAS

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