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WorksheetsNEW PENSION SCHEME
Total questions: 15
Worksheet time: 15mins
When can a Government servant exit from Tier I of the New Pension Scheme?
On or after the age of 55 years
On or after the age of 58 years
on or after the age of 60 years
On or after the age of 62 years
Who will allot an unique 16 digit Permanent Pension Account Number
(PPAN) to the employees?
DDO
PAO
IRDA
CPAO
A Government servant is drawing pay ₹ 60,400 in Level 7 during the month of September, 2018 (DA 9%, HRA 24%, TPT 3,600 p DA). Calculate the NPS contribution recovered from his pay bill for September, 2018.
28,426
8,033
6,040
6,584
State whether a Government who joined duty after 1-1-2004 is eligible for encashment of leave salary after retirement under NPS?
Earned leave, being a part of pensionary benefits will be credited to
the pension account
Not eligible for encashment
The benefit of encashment of leave salary is admissible in terms of CCS (Leave) Rules
Maximum of one month salary is eligible as encashment
Is Non-Practising Allowance (NPA) which is payable to Medical Officers, taken into account for the purpose of working out contributions to NPS?
NPA is to be taken into account for calculation of NPS contribution
50% of NPA is to be taken into account for calculation of NPS
contribution
25% of NPA is to be taken into account for calculation of NPS contribution
NPA not to be taken into account for calculation of NPS contribution
What is the method followed for interest calculation on NPS accumulations?
Interest is calculated quarterly
Simple interest is calculated on monthly basis
Savings Bank interest calculation method
Simple interest calculated yearly
From which date is the revised rate of monthly contribution at the rate of 14% by Central Government given effect?
1-1-2019
10-12-2018
1-4-2019
31-1-2019
An Office Assistant in a Central Government office is drawing pay @ ₹ 40,400 from 1-8-2018 with special allowance ₹ 1,500, HRA 24%. He was sanctioned EXOL with MC for one month from 1-10-2018 to 31-10-2018. Indicate the amount of NPS contribution of the employee.
₹ 970
₹ 1,120
No contribution to be made
₹ 4,404
What is the additional tax benefit under Section 80-CCD (1-B) for contribution to NPS from the Financial Year 2015 2016 ?
30,000
25,000
40,000
50,000
Who is called an annuity service provider under NPS?
A Life Insurance Company registered and regulated by IRDA
A Mutual Fund Authority
A Nationalized Bank
Private Banks approved by Government
At what age can a subscriber covered under NPS exit from the pension
account?
Having attained the age of 55 years
Having attained the age of 58 years
Having attained the age of 60 years
Having attained the age of 62 years
How are subscribers to National Pension System categorized for the purpose of exit?
Government sector
All citizens including corporate sector
NPS Lite and Swavalamban subscribers
All the above
If an NPS subscriber of Government sector does not desire to withdraw the balance amount after purchase of mandatory annuity, such subscriber shall have the option to defer the withdrawal of the lumpsum amount until he or she attains the age of...…...
Sixty-five years
Seventy years
Sixty-two years
Seventy-five years
What is the quantum of accumulated pension wealth paid to the nominees / legal heirs of a corporate NPS subscriber if he dies before attaining the age of sixty years?"
Fifty per cent of accumulated Pension Wealth Fund
Sixty per cent of accumulated Pension Wealth Fund
Eighty per cent of accumulated Pension Wealth Fund
Entire amount of accumulated Pension Wealth Fund
Which document is essentially required for family members to claim the Accumulated Pension Wealth, if the nomination is not registered by the
deceased NPS corporate subscriber before his death?
Any documentary proof from Revenue Authority
Any documentary proof in respect of the living dependant of the deceased officer
A certificate from the Village Administrative Officer (VAO)
Legal heir certificate / sucession certificate from respective competent authorities
