Question

Which of the following statements is incorrect regarding India's pension sector reforms?

Q: Answer-Which of the following statements is incorrect regarding India's pension sector reforms?

Explanation EPF is regulated by the Employees Provident Fund Organisation EPFO under the Ministry of Labour Employment, not SEBI. NPS and APY are key government-backed pension schemes, with APY designed for workers in the unorganized sector.

A The pension sector reforms aim to enhance financial inclusion in retirement planning.

B PFRDA (Pension Fund Regulatory and Development Authority) regulates the pension sector in India.

C The National Pension System (NPS) was introduced to provide retirement income to all Indian citizens.

D Atal Pension Yojana (APY) is designed to provide pension benefits to individuals in the unorganized sector, with a minimum contribution period of 20 years

E Employees’ Provident Fund (EPF) is regulated by SEBI.

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Which of the following statements is incorrect regarding India's pension sector reforms?

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