Question

The ‘Pradhan Mantri Vaya Vandana Yojana’ (PMVVY), launched in May 2020 to protect elderly people aged 60 years and above against a future fall in their interest income due to uncertain market conditions, as also to provide social security during old age. The scheme is implemented through which of the following organisation?

• A. National Insurance Company Limited नेशनल इंश्योरेश कंपनी लिमिटेड
• B. State Bank of India (SBI) भारतीय स्टेट बैंक
• C. Reserve Bank of India (RBI) भारतीय रि़जर्व बैंक
• D. Life Insurance Corporation of India (LIC) भारतीय जीवन बीमा निगम।

Answer 1

Answer: (D)