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      Question

      The National Pension System (NPS) was launched for

      government employees in which year?
      A 2000 Correct Answer Incorrect Answer
      B 2004 Correct Answer Incorrect Answer
      C 2009 Correct Answer Incorrect Answer
      D 2015 Correct Answer Incorrect Answer
      E 2018 Correct Answer Incorrect Answer

      Solution

      The National Pension System (NPS) was launched in 2004 for government employees and extended to all citizens in 2009. It is implemented by the Pension Fund Regulatory and Development Authority (PFRDA) and allows subscribers to choose and switch fund managers for long-term retirement planning. Currently, ten AMCs operate under the NPS.

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