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Directions: Read the following passage and answer the question.
Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in India's population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.
[Source - The Hindu, September 15, 2022]
Q. Consider the following statements and mark the correct option.
Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.
Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.
  • a)
    Both statements are incorrect.
  • b)
    Both statements are correct.
  • c)
    Only statement I is correct.
  • d)
    Only statement II is correct.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Directions: Read the following passage and answer the question.Life ex...
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension program introduced by the Indian government exclusively for individuals aged 60 years and older. It was initially launched on May 4, 2017, and was available until March 31, 2020. However, the scheme's duration was extended for an additional three years, ending on March 31, 2023.
This scheme can be availed through both online and offline channels, primarily through the Life Insurance Corporation (LIC) of India. Its primary objective is to provide senior citizens with a steady pension income, particularly during periods of declining interest rates. Under this program, pensioners are guaranteed an annual return of 7.40% for a fixed policy term of 10 years. If the pensioner survives the entire policy term, the pension payments will be disbursed in arrears. Additionally, pensioners have the flexibility to choose their preferred mode of pension payment.
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Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and abov e) in India's population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q. Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme for senior citizens aged 60 years and above.Statement II: Under the scheme, the pensioner will receive an assured return of 7.40% p.a. for the policy duration of 10 years.

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Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer?
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Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.Life expectancy in India has more than doubled since Independence - from around 32 years in the late 1940s to 70 years or so today. Many countries have done even better, but this is still a historical achievement. Over the same period, the fertility rate has crashed, thus liberating women from the shackles of repeated child-bearing and child care. All this is good news, but it also creates a new challenge - the ageing of the population. The share of the elderly (persons aged 60 years and above) in Indias population, close to 9% in 2011, is growing fast and may reach 18% by 2036 according to the National Commission on Population. If India is to ensure a decent quality of life for the elderly in the near future, planning and providing for it must begin today. India has important schemes of non-contributory pensions for the elderly, widowed women, and disabled persons under the National Social Assistance Programme (NSAP). Alas, eligibility for NSAP is restricted to below poverty line (BPL) families, based on outdated and unreliable BPL lists, some of which are 20 years old.[Source - The Hindu, September 15, 2022]Q.Consider the following statements and mark the correct option.Statement I: Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a pension scheme specifically crafted for individuals aged 60 years and above.Statement II: Within the framework of this scheme, pensioners are assured a fixed annual return of 7.40% throughout a 10-year policy period.a)Both statements are incorrect.b)Both statements are correct.c)Only statement I is correct.d)Only statement II is correct.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
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