Under Pradhan Mantri Shram Yogi Maandhan (PM-SYM), what minimum monthly pension is assured after the age of 60?
- A.Rs 1,000
- B.Rs 2,000
- C.Rs 3,000
- D.Rs 5,000
Correct answer
Explanation
The correct answer is Rs 3,000 a month. PM-SYM is a voluntary and contributory pension scheme for unorganised workers aged between 18 and 40 years whose monthly income does not exceed Rs 15,000, and it assures a minimum pension of Rs 3,000 a month once the worker turns 60. Monthly contributions run from Rs 55 to Rs 200 depending on the age at which the worker joins, and the Central Government puts in an equal amount. Options A, B and D, that is Rs 1,000, Rs 2,000 and Rs 5,000, are not the assured amount under this scheme. Note also the reason the scheme matters: the unorganised sector contributes around 50% of India's gross domestic product, so old-age income security for these workers covers a very large share of the workforce. The entry age band, the income limit and the assured pension are the three details usually tested together.
Read the full article: Social Security Cover at 68.4% as EPFO Ceiling Hits Rs 25,000
Practice Questions
India's social protection coverage, which stood at 19% in 2015, has risen to what level in 2026?
- A.48.4%
- B.58.4%
- C.68.4%
- D.78.4%
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Social protection coverage in India has moved up from 19% in 2015 to 68.4% in 2026, and this widening has brought more than one billion people inside the social protection framework.
Read the full explanation →In September 2026, the wage ceiling for mandatory EPFO coverage was raised to which level?
- A.Rs 15,000 per month
- B.Rs 21,000 per month
- C.Rs 25,000 per month
- D.Rs 30,000 per month
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The ceiling had last been revised in September 2014, when it was moved from Rs 6,500 to Rs 15,000 a month, and the approval granted in September 2026 took it to Rs 25,000.
Read the full explanation →Which scheme has been revised from the National Social Assistance Programme in October 2026?
- A.Pradhan Mantri Shram Yogi Maandhan
- B.Pradhan Mantri Samajik Sahayata Yojana
- C.Pradhan Mantri Suraksha Bima Yojana
- D.Pradhan Mantri Jan Arogya Yojana
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It has been revised from the existing National Social Assistance Programme in October 2026 and will continue from 2026-27 to 2030-31.
Read the full explanation →Which department convened the Bharat Commerce Chintan Shivir along with ONDC?
- A.Department of Consumer Affairs
- B.Department of Revenue
- C.Department for Promotion of Industry and Internal Trade
- D.Department of Food and Public Distribution
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It convened the Bharat Commerce Chintan Shivir with the Open Network for Digital Commerce at Vanijya Bhawan in New Delhi, and the roundtable was chaired by Union Minister of Commerce and Industry Piyush Goyal.
Read the full explanation →How many retailers and brands had ONDC DigiDukaan connected, as reported at the Bharat Commerce Chintan Shivir?
- A.Over 12,000 retailers with more than 300 brands
- B.Over 21,000 retailers with more than 450 brands
- C.Over 45,000 retailers with more than 800 brands
- D.Over 16,000 retailers with more than 250 brands
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That is the reach of DigiDukaan across Hyderabad, Jaipur and Mumbai, and it marks a rise from over 12,000 retailers in the previous quarter.
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