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    Question

    The National Pension System is a defined-contribution

    pension system in India regulated by Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India. NPS was made open to everyone in ____________.
    A 2004 Correct Answer Incorrect Answer
    B 2006 Correct Answer Incorrect Answer
    C 2008 Correct Answer Incorrect Answer
    D 2009 Correct Answer Incorrect Answer
    E 2010 Correct Answer Incorrect Answer

    Solution

    The National Pension System is a defined-contribution pension system in India regulated by Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India. Launched in 2004 for government employees. However, in 2009, it was opened to all sections.

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