Political Science · Governance and Public Policy in India
Regarding the Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY), which statement is/are correct?
- 1. it is a Central Sector Scheme administered by the Department of Finance
- 2. the Life Insurance Corporation (LIC) is the Pension Fund Manager and responsible for pension pay-out
A1 only
B2 only ✓ Correct
CBoth 1 and 2
DNeither 1 nor 2
Correct answer: (B) 2 only — Only the second statement is correct, so the answer is 2 only.
Explanation
★Only the second statement is correct, so the answer is 2 only.
★The scheme is administered by the Department of Agriculture, not Finance.
★So statement 1 is wrong.
★The LIC is the Pension Fund Manager.
★It is responsible for the pension pay-out.
★So the answer is 2 only.
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