New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    Who inaugurated Zerodha Broking Limited's NPS web-app as

    part of efforts to widen financial inclusion through fintech?
    A Shaktikanta Das Correct Answer Incorrect Answer
    B Pralhad Joshi Correct Answer Incorrect Answer
    C Deepak Mohanty Correct Answer Incorrect Answer
    D Narendra Modi Correct Answer Incorrect Answer
    E Arun Jaitley Correct Answer Incorrect Answer

    Solution

    • In order to foster innovation and inclusivity within the NPS architecture, particularly through its engagement of fintech entities as Point of Presence (PoP) thus, enhancing accessibility and convenience, Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), inaugurated Zerodha Broking Limited's NPS web-app, in New Delhi. • The app offers seamless access of NPS to a wider subscriber base. • NPS provides continuity to retirement saving account irrespective of one’s employment status and is available for non-resident Indians (NRIs).  • As youngsters are tech savvy, the facilitation by Zerodha Broking Limited would expand access to NPS. Learn Along: About PFRDA • The Pension Fund Regulatory & Development Authority Act was passed on 19th September, 2013 and the same was notified on 1st February, 2014.  • PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors. • Chairperson: Dr. Deepak Mohanty                              Hedquarters: New Delhi

    Practice Next

    Relevant for Exams: