What was the primary objective of the Swavalamban Pension Yojana?

To provide healthcare benefits to senior citizens To encourage investment in the stock market To promote financial security for senior citizens in the unorganized sector To offer tax benefits to high-income earners

What was the maximum annual contribution allowed under the Swavalamban Pension Yojana?

Rs. 1,000 Rs. 10,000 Rs. 12,000 Rs. 24,000

How did the Indian government contribute to the Swavalamban Pension Yojana?

By providing a one-time bonus to new account holders By matching the annual contribution of the account holder By contributing Rs. 1,000 annually for the first 5 years By offering tax deductions on contributions made to the scheme

What was a key feature of the Swavalamban Pension Yojana's investment strategy?

It guaranteed a fixed rate of return It focused solely on investments in government securities It diversified investments across equity, government securities, and corporate bonds It allowed investors to choose their own investment portfolio

What was the minimum amount required to open an account under the Swavalamban Pension Yojana?

Rs. 100 Rs. 500 Rs. 1,000 Rs. 2,000

Which of the following was a tax benefit offered by the Swavalamban Pension Yojana?

Tax deduction on contributions made to the scheme Tax-free withdrawals upon maturity Reduced capital gains tax on investment returns Tax exemption on interest earned from the scheme

What was the main reason for the discontinuation of the Swavalamban Pension Yojana?

Lack of participation from the target audience Introduction of a more comprehensive pension scheme Poor financial performance of the scheme Government's decision to prioritize other social welfare programs

What was the name of the pension scheme that replaced the Swavalamban Pension Yojana?

Pradhan Mantri Vaya Vandana Yojana National Pension System Atal Pension Yojana Senior Citizens Savings Scheme