With respect to quot SAMPANN rdquo recently seen in news consider the following statements 1 It is a...........

Economic Affairs Pension and Insurance

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With respect to "SAMPANN”, recently seen in news, consider the following statements:

1. It is a Comprehensive pension management system

2. It will help in the timely disbursement of pensions to lakhs of pensioners of the defence department.

Which among the above given statements is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Prime Minister, Narendra Modi, during his visit to Varanasi, launched SAMPANN, a Comprehensive Pension Management Scheme. It is an acronym for "System for Accounting and Management of Pension". The software is a Comprehensive pension management system which will help in the timely disbursement of pensions to lakhs of pensioners of the telecom department. Hence only statement 1 is correct.