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?
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
