National Pension Scheme (NPS)

PFRDA means

• Provident Fund Regulatory and development Authority of India

• Pension Fund Regulatory and development Authority of India

• Past Fund Regulatory and development Authority of India

• Pure Fund Regulatory and development Authority of India

For Customer joining NPS after 60 years of age, exit before 3 yrs from inception.

• True

• Falsae

Contribution of up to Rs.50,000 is eligible for tax deduction u/s

• 80CCD (1A)

• 80GCC(1B)

• 80CCCD(1B)

• None of the above

PRAN stands for

• Personal Registration Account Number

• Permanent Retirment Account Number

• Permanent Registration Account Number

• Personal Retirment Account Number

In Tier I NPS account withdrwal is restricted.

• True

• False

In National Pension System(NPS) how much % you will receive exit on maturity ?

• 60%

• 50%

• 25%

• 45%

Which is an online platform provided by NPS Trust for enabling individuals to open his/her Individual Pension Account?

• Online NPS

• Internet NPS

• e-NPS

• e-Account

Which of the following is Annuity Service Provider?

• Life Insurance Companies

• Public Sector Banks

• Private Sector Banks

• NBFCs

Pension Fund Regulatory and Development Authority (PFRDA) is authorized by?

• GOI

• RBI

• Ministry of Commerce

• Ministry of Finance

NPS is based on ________ created for individual members.

• Current Account

• PRAs

• FD account

• RD Account