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      Question

      NPS for traders provide a monthly minimum assured

      pension of what amount after attaining the age of 60 years?
      A Rs 2500 Correct Answer Incorrect Answer
      B Rs 4000 Correct Answer Incorrect Answer
      C Rs 1500 Correct Answer Incorrect Answer
      D Rs 2000 Correct Answer Incorrect Answer
      E Rs 3000 Correct Answer Incorrect Answer

      Solution

      It is a voluntary and contributory pension scheme under which the beneficiary would receive a minimum assured pension of Rs 3000/- per month after attaining the age of 60 years and if the beneficiary dies, the spouse of the beneficiary shall be entitled to receive 50% of the pension as family pension. Family pension is applicable only to spouse.

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