Q. Consider the following statements National Pension System (NPS):
1.It was introduced in 2009.
2.It applicable to Armed forces also.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D
Notes:

Explanation: National Pension System (NPS): The Central Government introduced the National Pension System in 2004 (except for armed forces).

  • NPS was made available to all Citizens of India from 2009. NPS is based on a unique individual pension account viz.
  • Permanent Retirement Account Number (PRAN) created for each subscriber.
  • A citizen of India aged between 18-70 years can join NPS either in their individual capacity or in association with their Employer.

Source: FORUMIAS

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