Retail NPS

What is the maximum percentage a customer can invest in equities in Retail NPS depending on their risk appetite, according to the "Choice of Funds & Investment Strategy" for the Subscribers ?

• Up to 100%
• Max up to 75%
• Max up to 25%
• A fixed percentage for all customers

The "Paperless Account opening" USP highlights what benefit for customers?

• The "Paperless Account opening" USP highlights what benefit for customers?
• Digital Account opening and access
• Requirement of extensive paperwork
• Limited access to their accounts

What is the fundamental principle of the NPS (National Pension System) architecture ?

• Centralized architecture where one entity performs all functions.
• Bundled architecture with limited delegation of responsibilities.
• Unbundled architecture where each function is performed by different entities.
• Hybrid architecture combining centralized and decentralized elements.

Which entity is responsible for regulating the pension market in India and was established on August 23, 2003?

• Pension Fund Manager (PFM)
• Point of Presence (POP)
• National Pension System Trust (NPST
• Pension Fund Regulatory and Development Authority (PFRDA)

What is the primary role of a Point of Presence (POP) in the NPS ecosystem?

• To manage the pension funds of citizens enrolled under NPS.
• To act as the pension regulator of India.
• To provide facilities like opening Permanent Retirement Account and contributing to NPS.
• To take care of the assets and funds under the NPS in the best interest of subscribers.

Who appoints the Pension Fund Manager (PFM) to manage pension funds under the National Pension System?

• NPS Trust
• Point of Presence (POP)
• Government of India
• PFRDA

Which entities are designated by the PFRDA to facilitate services such as subscriber registration and collection of contributions?

• Pension Fund Manager (PFM)
• CRA
• POP
• ASP

What is another name for a Tier I NPS account?

• Investment Account
• Savings Account
• Pension Account
• Current Account

Which of the following statements is true regarding withdrawal from a Tier I NPS account?

• Withdrawal is permitted at any time.
• Withdrawal is conditional.
• Withdrawal is not allowed under any circumstances
• Withdrawal is allowed only after retirement.

What is the initial contribution required to open a Tier II NPS account?

• Rs. 500
• Rs. 1,000
• Rs. 250
• Rs. 0