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Your results are here!! for" National Pension System (NPS) "
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Question 1 of 10
1. Question
From which date was the National Pension System (NPS) rolled out for all citizens of India?
Correct
The NPS was rolled out for all citizens of India from May 1, 2009.
Incorrect
The NPS was rolled out for all citizens of India from May 1, 2009.
Unattempted
The NPS was rolled out for all citizens of India from May 1, 2009.
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Question 2 of 10
2. Question
From which month and year was the NPS made available to the corporate sector?
Correct
The NPS was rolled out for the corporate sector from December 2011.
Incorrect
The NPS was rolled out for the corporate sector from December 2011.
Unattempted
The NPS was rolled out for the corporate sector from December 2011.
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Question 3 of 10
3. Question
What is a person who joins the NPS scheme called?
Correct
A person who joins the NPS scheme is called a subscriber.
Incorrect
A person who joins the NPS scheme is called a subscriber.
Unattempted
A person who joins the NPS scheme is called a subscriber.
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Question 4 of 10
4. Question
Which unique number identifies an NPS account with the Central Recordkeeping Agency (CRA)?
Correct
Each NPS subscriber‘s account is identified through a unique Permanent Retirement Account Number (PRAN).
Incorrect
Each NPS subscriber‘s account is identified through a unique Permanent Retirement Account Number (PRAN).
Unattempted
Each NPS subscriber‘s account is identified through a unique Permanent Retirement Account Number (PRAN).
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Question 5 of 10
5. Question
What are the two types of NPS accounts available to subscribers?
Correct
The NPS provides two types of accounts: Tier I and Tier II.
Incorrect
The NPS provides two types of accounts: Tier I and Tier II.
Unattempted
The NPS provides two types of accounts: Tier I and Tier II.
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Question 6 of 10
6. Question
What is the primary purpose of a Tier I NPS account?
Correct
Tier I is meant for retirement savings and is a non-withdrawable account.
Incorrect
Tier I is meant for retirement savings and is a non-withdrawable account.
Unattempted
Tier I is meant for retirement savings and is a non-withdrawable account.
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Question 7 of 10
7. Question
Which statement correctly describes a Tier II NPS account?
Correct
Tier II is a voluntary savings account from which subscribers can withdraw their savings whenever they wish.
Incorrect
Tier II is a voluntary savings account from which subscribers can withdraw their savings whenever they wish.
Unattempted
Tier II is a voluntary savings account from which subscribers can withdraw their savings whenever they wish.
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Question 8 of 10
8. Question
What is required before opening a Tier II NPS account?
Correct
An active Tier I NPS account is a prerequisite for opening a Tier II account.
Incorrect
An active Tier I NPS account is a prerequisite for opening a Tier II account.
Unattempted
An active Tier I NPS account is a prerequisite for opening a Tier II account.
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Question 9 of 10
9. Question
Which authority regulates the National Pension System?
Correct
The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Incorrect
The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
Unattempted
The NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
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Question 10 of 10
10. Question
What is the age range for applying for an NPS account according to the provided information?
Correct
Applicants must be between 18 and 70 years of age on the date of submission of the application.
Incorrect
Applicants must be between 18 and 70 years of age on the date of submission of the application.
Unattempted
Applicants must be between 18 and 70 years of age on the date of submission of the application.