Public Finance: UPSC Previous Year Questions (Indian Economy)
1 previous year UPSC Prelims question on Public Finance (Indian Economy). Choose an option to see the answer and explanation.
Explanations state facts as of the year each question was asked; words like “recently” refer to that year.
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UPSC 2008Indian Economy · Public Finance
Q1. Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme (IGNOAPS): 1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible. 2. The Central Assistance under this Scheme is at the rate of ‘ 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts. Which of the statements given above is/are correct?
Explanation
The Indira Gandhi National Old Age Pension Scheme (IGNOAPS) is a part of the National Social Assistance Programme (NSAP) launched by the Government of India to support elderly individuals from below-poverty-line (BPL) house-holds.
Statement 1 is incorrect: The scheme is applicable to individuals aged 60 years or above who belong to BPL households. How-ever the eligibility is not restricted to rural areas alone as it encompasses both rural and urban BPL households.
Statement 2 is incorrect: The central assistance provided under IGNOAPS is 200(not 300) per month for beneficiaries aged between 60 to 79 years and 500 per month for those aged 80 years and above. States are encouraged to contribute an equivalent or higher amount to enhance the pension received by the beneficiaries.
Answer key for these questions
Q
UPSC year
Correct answer
1
2008
(d) Neither 1 nor 2
Frequently asked questions
How many previous year UPSC questions are there on Public Finance?
This page covers 1 previous year UPSC Prelims GS Paper-I questions on Public Finance (Indian Economy), asked from 1997 to 2025. Each has the correct answer and an explanation.
How should I use previous year UPSC questions for Prelims?
Attempt each question first, then open the answer and read the explanation for every option. Repeat by chapter, and track which statements UPSC reuses across years. Previous year questions show the exam pattern and difficulty level.
Which years are covered for Public Finance?
Questions on Public Finance (Indian Economy) are available for 15 years, from 1997 to 2025. Use the Year filter to practise a single paper.
