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What key feature distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) ?
  • a)
    The UPS offers a lump sum payment on superannuation.
  • b)
    The UPS requires 18.5% government contribution towards pensions.
  • c)
    The UPS guarantees a minimum pension of ₹10,000 per month.
  • d)
    The UPS allows employees to choose between UPS and NPS.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What key feature distinguishes the Unified Pension Scheme (UPS) from t...
An essential feature that distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) is that the UPS guarantees a minimum pension of ₹10,000 per month for retirees, thereby ensuring a basic level of financial security for employees post-retirement. This feature is particularly beneficial for lower-income employees who may require a stable income stream after ending their service.
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What key feature distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) ?a)The UPS offers a lump sum payment on superannuation.b)The UPS requires 18.5% government contribution towards pensions.c)The UPS guarantees a minimum pension of 10,000 per month.d)The UPS allows employees to choose between UPS and NPS.Correct answer is option 'C'. Can you explain this answer?
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What key feature distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) ?a)The UPS offers a lump sum payment on superannuation.b)The UPS requires 18.5% government contribution towards pensions.c)The UPS guarantees a minimum pension of 10,000 per month.d)The UPS allows employees to choose between UPS and NPS.Correct answer is option 'C'. Can you explain this answer? for CUET Commerce 2024 is part of CUET Commerce preparation. The Question and answers have been prepared according to the CUET Commerce exam syllabus. Information about What key feature distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) ?a)The UPS offers a lump sum payment on superannuation.b)The UPS requires 18.5% government contribution towards pensions.c)The UPS guarantees a minimum pension of 10,000 per month.d)The UPS allows employees to choose between UPS and NPS.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CUET Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What key feature distinguishes the Unified Pension Scheme (UPS) from the National Pension System (NPS) ?a)The UPS offers a lump sum payment on superannuation.b)The UPS requires 18.5% government contribution towards pensions.c)The UPS guarantees a minimum pension of 10,000 per month.d)The UPS allows employees to choose between UPS and NPS.Correct answer is option 'C'. Can you explain this answer?.
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