Question
Which of the following pension schemes is managed by
the Pension Fund Regulatory and Development Authority (PFRDA) and allows investors to choose from a range of investment options including equity, corporate bonds, and government securities?Solution
The National Pension Scheme (NPS) is a government-sponsored pension scheme managed by the Pension Fund Regulatory and Development Authority (PFRDA). It allows investors to choose from a range of investment options, including equity, corporate bonds, and government securities. The scheme was launched in 2004 with the aim of providing retirement benefits to all citizens of India. Hence, option A is correct.
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