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Consider the following statements with reference to National Pension System (NPS):
1. The Central Government has introduced the National Pension System (NPS) for every employee, including from the Armed Forces.
2. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements with reference to National Pension S...
National Pension System
  • The Central Government has introduced the National Pension System (NPS) with effect from January 2004 (except for armed forces). Hence statement 1 is not correct.
    • In 2018 to streamline the NPS and make it more attractive, the Union Cabinet approved changes in the scheme to benefit central government employees covered under NPS.
  • NPS is being implemented and regulated by the Pension Fund Regulatory and Development Authority (PFRDA) in the country. Hence statement 2 is correct.
  • National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.
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Consider the following statements with reference to National Pension System (NPS):1. The Central Government has introduced the National Pension System (NPS) for every employee, including from the Armed Forces.2. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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