IBPS PO General Awareness: Insurance and Pension Schemes questions with solutions

Q1. What is the guaranteed return under Varishtha Pension Bima Yojana 2017?

1. 7% per annum
2. 7.5% per annum
3. 8% per annum
4. 8.5% per annum

Answer: 8.5% per annum

Varishtha Pension Bima Yojana 2017 offered a guaranteed return of 8.5% per annum. It is a senior citizen pension scheme backed by the government.