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NPS Quiz

Authored by Rakesh Sharma

Business

12th Grade

Used 1+ times

NPS Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can open an NPS account?

Only salaried employees

Only government employees

Any Indian citizen between 18-70 years

Only self-employed individuals

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

₹500

₹1,000

₹6,000

₹10,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who manages the funds invested in NPS?

RBI

SEBI

Pension Fund Managers (PFMs)

IRDAI

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum equity exposure allowed in NPS?

50%

60%

75%

100%

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