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Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. 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 Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. 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 Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements:Statement I: The Unified Pension Scheme (UPS) guarantees a higher minimum pension compared to the National Pension Scheme (NPS).Statement II: Under the UPS, employees can commute up to 40% of their pension into a lumpsum payment, reducing the monthly pension amount.Which one of the following is correct in respect of the above statements?a)Both Statement I and Statement II are correct, but Statement II does not explain Statement Ib)Both Statement I and Statement II are correct, but Statement II explains Statement Ic)Statement I is correct, but Statement II is incorrectd)Statement I is incorrect, but Statement II is correctCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.