CLAT Exam  >  CLAT Questions  >   Directions: Read the following passage and a... Start Learning for Free
Directions: Read the following passage and answer the question.
The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.
[Source - www.pib.gov.in, September 30, 2022]
Q. Consider the following statements and mark the correct option.
Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.
Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.
  • a)
    Only statement I is true.
  • b)
    Only statement II is true.
  • c)
    Both statements are true.
  • d)
    Both statements are false.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions: Read the following passage and answer the question.The Pe...
On 19 September, 2013, President Pranab Mukherjee gave his assent to the Pension Fund Regulatory and Development Authority Bill of 2013, which was passed in the Monsoon Session of Parliament on 4 September, 2013 in the Lok Sabha and 6 September, 2013 in the Rajya Sabha, to make it a Permanent Act. This improved, foolproof and re-approved Bill, with the acceptance of all political parties in India, replaced the old and imperfect IPRDA Bill of 2003.
Explore Courses for CLAT exam

Top Courses for CLAT

Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer?
Question Description
Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: Read the following passage and answer the question.The Pension Fund Regulatory and Development Authority (PFRDA) has kickstarted a campaign under 'Azadi Ka Amrit Mahotsav'. The Pension Regulator will be observing October 1, 2021 as the National Pension System Diwas (NPS Diwas) to promote pension and retirement planning for a carefree 'azad' retirement. PFRDA is promoting this campaign on its social media platforms with #npsdiwas. The pension regulator aims to encourage every citizen (working professionals and self-employed professionals) to plan towards creating a financial cushion to ensure for oneself a financially sound future after retirement. NPS subscribers will enjoy the benefits, power of compounding now and reap many of the benefits after retirement. PFRDA Chairperson Shri Supratim Bandyopadhyay said: We are happy to announce October 1 as NPS Diwas, especially for pension and retirement planning. We are excited to be a part of the Azadi Ka Amrit Mahotsav of the Government. Through this campaign, we want to create awareness about pension planning among the public. As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfill the vision of a pensioned society for India.[Source - www.pib.gov.in, September 30, 2022]Q. Consider the following statements and mark the correct option.Statement I: President Pratibha Patil gave her assent to the Pension Fund Regulatory and Development Authority Bill to make it an Act.Statement II: The Pension Fund Regulatory and Development Authority Act was passed in the year 2013.a)Only statement I is true.b)Only statement II is true.c)Both statements are true.d)Both statements are false.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CLAT tests.
Explore Courses for CLAT exam

Top Courses for CLAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev