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      Question

      Which of the following statements is incorrect regarding

      India's pension sector reforms?  
      A The pension sector reforms aim to enhance financial inclusion in retirement planning. Correct Answer Incorrect Answer
      B PFRDA (Pension Fund Regulatory and Development Authority) regulates the pension sector in India. Correct Answer Incorrect Answer
      C The National Pension System (NPS) was introduced to provide retirement income to all Indian citizens. Correct Answer Incorrect Answer
      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 Correct Answer Incorrect Answer
      E Employees’ Provident Fund (EPF) is regulated by SEBI. Correct Answer Incorrect Answer

      Solution

      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.  

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