WorksheetsNPS nov Quiz
Total questions: 18
Worksheet time: 6mins
NPS is regulated by:
RBI
IRDAI
PFRDA
SEBI
Minimum age to join NPS?
18 years
21 years
25 years
30 years
Maximum age to join NPS?
55 years
60 years
65 years
70 years
What is the minimum annual contribution for Tier-I account?
₹100
₹500
₹1,000
₹6,000
NPS maturity age is:
55
58
60
65
What is the minimum % of corpus that must be used to buy annuity at exit?
20%
40%
50%
75%
Maximum lump-sum withdrawal allowed at retirement?
20%
40%
60%
75%
Tier-II account is:
Mandatory
For government employees only
Voluntary savings account
Closed after retirement
Tax benefit under Sec 80CCD(1B) for NPS is up to:
₹25,000
₹50,000
₹1,00,000
₹1,50,000
Partial withdrawal from NPS Tier-I is allowed after how many years?
1 year
3 years
5 years
10 years
Maximum number of partial withdrawals allowed in NPS Tier-I?
1
2
3
Unlimited
Who can open an NPS account?
Only salaried individuals
Only government employees
Only retired persons
Any Indian citizen (resident or non-resident)
What is the lock-in period of NPS?
5 years
10 years
15 years
Till age 60
Upon death of the subscriber, the nominee gets:
Only 40% corpus
Only annuity
Entire accumulated corpus
No withdrawal allowed
For premature exit before age 60, minimum annuity purchase required is:
20%
40%
60%
80%
Tier-I account contributions are:
Fully withdrawable anytime
Tax-exempt during contribution
Taxable on contribution
Only for government employees
NPS Tier-II account has which type of tax treatment?
Fully taxable
Tax-exempt like Tier-I
Taxable only on interest
No tax benefit on contribution, withdrawals are tax-free for government employees
Who appoints the Central Recordkeeping Agency (CRA) for NPS?
RBI
PFRDA
SEBI
Finance Ministry
