NPS Quiz

Who can open an NPS account?

• Only salaried employees

• Only government employees

• Any Indian citizen between 18-70 years

• Only self-employed individuals

Which of the following is true about Tier II NPS accounts?

• It is mandatory to open a Tier II account

• Withdrawals from Tier II are restricted

• It offers more flexibility in withdrawals than Tier I

• It provides guaranteed returns

What is the minimum annual contribution required for an active Tier I NPS account?

• ₹500

• ₹1,000

• ₹6,000

• ₹10,000

What is the maximum tax deduction available under Section 80CCD(1B) for NPS contributions?

• ₹50,000

• ₹1,00,000

• ₹1,50,000

• ₹2,00,000

Who manages the funds invested in NPS?

• RBI

• SEBI

• Pension Fund Managers (PFMs)

• IRDAI

What happens if an NPS subscriber dies before retirement?

• The nominee gets the full corpus

• The government takes the money

• The money is transferred to a pension scheme

• The account is frozen permanently

What is the maximum equity exposure allowed in NPS?

• 50%

• 60%

• 75%

• 100%

Who regulates the National Pension System (NPS) in India?

• RBI

• SEBI

• PFRDA

• IRDAI

What is the minimum age to join NPS?

• 18 years

• 21 years

• 25 years

• 30 years

What is the maximum age limit to join NPS?

• 50 years

• 60 years

• 70 years

• 65 years