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Consider the following statements:
Statement-I:
The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.
The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.
Statement-II:
The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.
The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I:The Old Pension Scheme (...
Statement-I correctly describes the Old Pension Scheme (OPS) where government employees receive pensions based on their last drawn salary. This system ensures a lifelong monthly pension equivalent to half of their last salary drawn. On the other hand, Statement-II incorrectly suggests that the New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees. In reality, the NPS does not guarantee fixed returns as it is subject to market fluctuations. NPS encourages regular contributions to a pension account during employment, and retirees can withdraw a portion of their corpus and receive monthly pension payments thereafter. Therefore, Statement-II is incorrect as NPS does not offer a fixed monthly pension amount like OPS.
By selecting option c), it correctly identifies that Statement-I is accurate regarding OPS, while Statement-II is inaccurate about NPS.
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Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:The Old Pension Scheme (OPS) provides pensions to government employees based on their last drawn salary.Statement-II:The New Pension Scheme (NPS) guarantees a fixed monthly pension amount for government employees.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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