Multiple Choice Questions on Which of the following statement is correct about National Pension Scheme The National Pension Syste........... for UPSC EPFO Exam Preparation

Back to Main Page

Multiple Choice Questions

Which of the following statement is correct about National Pension Scheme The National Pension Syste...........

Social Security Social Justice and disadvantaged
    Download Solution PDF

    Which of the following statement is correct about National Pension Scheme?

    1. The National Pension System (NPS) is a pension scheme sponsored by the government that was started in 2004 for all government employees.

    2. The scheme was made open to all citizens in 2008. 

    Only 1

    Incorrect Answer

    Only 2

    Incorrect Answer

    Both 1 and 2

    Incorrect Answer

    Neither 1 nor 2

    Correct Answer
    छोटे Courses बड़े Results
    Master Social Justice and disadvantaged
    Prepare through Micro-courses
    Try Now
    Explanation:

    Both statements are incorrect.

    • Government of India introduced NPS for Central Government Employees joining services w.e.f 1st Jan 2004. On 1st May 2009, on voluntary basis NPS was made available for all citizens of India. NPS aims at creating enough corpus, to enable subscriber for purchasing Annuity post retirement.

    • The New Pension Scheme comes into operation w.e.f. 1.1.2004 and is applicable to all new entrants to Central Govt. service except to Armed Forces joining Govt. service on or after 1.1.2004.

    Hence option 4th is correct.

    By: Yachna
    ProfileResources

    Let's Discuss

    PARTH SARTHI

    its not for armed forces

    0 0 reply
    Master
    Social Justice and disadvantaged
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free