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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